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SunSirs: There are Many Positive Factors, and the Price of Rapeseed Meal in China is Rising

April 12 2021 08:41:46     SunSirs (Linda)

1. Rapeseed meal market price trend

On April 9, the average price of rapeseed meal in East China was 2,840 yuan/ton, and the average price on April 5 was 2,833 yuan/ton, an increase of 0.24%.

2. Market Analysis

On April 9th, the price of packaged rapeseed meal in Fujian was 2830 yuan/ton, the price of packaged rapeseed meal in Zhangjiagang, Jiangsu was 2960 yuan/ton, and the price of packaged rapeseed meal in Nantong, Jiangsu was 2960 yuan/ton; the price of bulk pellets in Nantong, Jiangsu was 2870 yuan/ton. The price of bulk particles in Tianjin is 2,890 yuan/ton, the price of bulk powder in Nantong, Jiangsu is 2,910 yuan/ton, and the price of bulk powder in Tianjin is 2,920 yuan/ton.

Rapeseed meal prices rose on April 9. The global rapeseed supply and demand pattern is tight. According to statistics, the global rapeseed ending inventory is still at a 4-year low, and the inventory-to-consumption ratio is 6.17%, which is a 4-year low, supporting the price of rapeseed meal. The high cost of imported rapeseed and the loss of profits from crushing will affect the quantity of rapeseed imports in the later period. At the same time, the relationship between China and Canada is still tense. The quantity of Canadian rapeseed imports is limited, which is good for the price of rapeseed. According to statistics, as of April 2, the national imported rapeseed stock was 25.5 tons, which was a relatively low level in the same period of the previous year. Due to the limited number of imported rapeseeds, the output of rapeseed meal is also at a low level over the same period of the year.

On April 9th, Friday, Zhengzhou Commodity Exchange (CZCE) rapeseed meal futures main contract RM2105, opened at 2956 yuan, closed at 2977 yuan, up 32 yuan, highest 2991 yuan, lowest 2925 yuan, yesterday closed 2945 yuan, settlement 2960 yuan, The trading volume was 737,715 hands, and the open interest was 160,260 hands.

3. Market outlook forecast

Aquaculture is gradually starting, and the demand for rapeseed meal may increase. There are many factors that are beneficial for rapeseed meal. SunSirs rapeseed meal analysts predict that it may fluctuate upward.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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