SunSirs: The Terminal Demand Was Sluggish, the Domestic Soybean Market Weakened
July 14 2022 15:54:13 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, since July, the domestic soybean market has been in a weak downward trend, continuing at 6,100 RMB/ton around. At the beginning of the month, the domestic soybean market price was 6,164 RMB/ton, and the average domestic soybean market price was 6,156 RMB/ton on July 14, down 0.13%.
Analysis review
The terminal demand was not good, and the domestic soybean market was running weakly.
At the beginning of July, the demand for terminal soybean products was poor, the domestic soybean market weakened, and the mainstream quotation continued to be 3 RMB/carries around. New soybeans are in the growing period, the supply of old soybeans is reduced, the auction transaction price of state-owned soybeans in the market has declined, the domestic soybean market is weak and stable, and the market continues to decline slightly.
Market outlook
The agricultural product analyst of SunSirs believes that the demand for soy products is low and the terminal demand is not good, and the domestic soybean market will remain weak consolidation..
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