SunSirs: China's Rapeseed Meal Market may Rise

1. Rapeseed meal market price trend

According to SunSirs monitoring, the average price of rapeseed meal in East China was RMB 2,390/ton on July 23, and the average price of rapeseed meal in early July was RMB 2,333/ton, an increase of 2.43%.

2. Market Analysis

Rapeseed meal prices stabilized temporarily on July 23, but some areas were adjusted downwards. According to SunSirS, in Jiangsu area, Dubai bulk rapeseed meal, Nantong, the price of 2,430 yuan/ton, the quotation was the same as the previous day; bulk rapeseed meal, Nantong 2,340 yuan/ton, the quotation was the same as the previous day; Tianjin area, Canadian bulk rapeseed Meal, Tianjin 2,380 yuan/ton, the quotation was 20 yuan/ton lower than the previous day; Bulk Dubai rapeseed meal, Tianjin 2,430 yuan/ton, the quotation was 30 yuan/ton lower than the previous day; Hunan, bulk rapeseed meal, Yueyang The price of 2,400 yuan/ton was unchanged from the previous day; Xiamen, Fujian, packaged rapeseed meal was 2,390 yuan/ton, which was the same as the previous day; Dongguan, Guangdong, packaged rapeseed meal was 2,390 yuan/ton, which was the same as the previous day.

According to data, as of July 17, the rapeseed inventory of oil plants in coastal areas was 244,000 tons, a week-on-week decrease of 53,000 tons, a decrease of 45.66% from the same period last year, and the lowest level in the same period of the previous year. The number of imported rapeseeds decreased, supporting rapeseed oil. Rising continuously to reach high prices, the current stagflation of rapeseed oil has been callback, supporting rapeseed meal prices. The rainfall in the south is relatively high, the aquaculture industry suffers, and the demand for rapeseed meal for feed production is limited.

3. Outlook

Imports of rapeseed are restricted, the operating rate of oil plants has fallen, rapeseed meal stocks are low, supporting rapeseed meal prices; rapeseed oil prices are stagnating and callbacks, rapeseed meal expectations are strengthened, SunSirs rapeseed meal analysts predict that rapeseed meal prices may fluctuate rise, but we need to pay more attention to the trend of soybean meal.

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