SunSirs: Narrow Adjustment of Rapeseed Meal Last Week (July.6-10)

1. Rapeseed Meal Market Price Trend

According to SunSirs monitoring, the average price of rapeseed meal in East China this weekend was 2,353 yuan/ton, and the average price of rapeseed meal in the beginning of the week was 2,356 yuan/ton, down 0.14%.

2. Market analysis

The price of rapeseed meal stabilized on July 10. According to the business community, in Jiangsu area, Dubai bulk meal meal, Nantong 2,380 yuan / ton, the quotation was flat compared with the previous day; bulk granular meal meal, Nantong 2,310 yuan / ton, the quotation was flat compared with the previous day; Tianjin area, Canada bulk particles Rapeseed meal, Tianjin 2,350 yuan / ton, the quotation was unchanged from the previous day; Bulk Dubai meal, Tianjin 2,410 yuan / ton, the quotation was unchanged from the previous day; Hunan region, bulk granular rapeseed meal, Yueyang 2,370 yuan / ton, the quotation The previous day was flat. According to statistics, as of the week of June 26, rapeseed stocks in Guangdong, Guangdong and Fujian increased to 28,000 tons, an increase of 4,500 tons from the previous week of 23,500 tons, an increase of 19.15%. The unexecuted contract was 111,000 tons, a decrease of 4,000 tons from last week's 115,000 tons, a decrease of 3.47%. The rapeseed meal inventory increased and the market demand weakened.

Inventory of imported raw rapeseeds declined, supporting rapeseed meal prices. As of the week of June 26, the total domestic coastal imported rapeseed inventories fell to 323,000 tons, a decrease of 26,000 tons from the previous week's 349,000 tons, a decrease of 7.45%, but Compared with 472,500 tons in the same period last year, a decrease of 31.64%.

3. Outlook forecast

More rains in the south, damaged aquaculture, and reduced demand for rapeseed meal; rapeseed oil prices have recently been running strongly, and SunSirs rapeseed meal analysts expect that rapeseed meal prices may fluctuate and adjust mainly.

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