SunSirs--China Commodity Data Group

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SunSirs: The Benefit is still in the aftermarket of China Soybean Meal, and the Rise is Expected

August 04 2022 08:56:44     SunSirs (Selena)

According to the monitoring data of SunSirs, since July 20, the soybean meal market has been surging and rising, and the soybean meal has been rising until the beginning of August. On July 20, the average market price of soybean meal was 4,046 RMB/ ton. On August 3, the average market price of soybean meal was 4,222 RMB/ ton, with a price increase of 4.35%.

Since the middle of July, the amount of imported soybeans arriving in Hong Kong has decreased, the crushing volume of soybean oil plants has decreased, the supply of soybean meal is tight, coupled with the rising market of terminal pork, the strong demand for feed, and the soybean meal market has surged, with an increase of more than 2%. The price has continued to be 4,100 RMB/ ton, and the market is constantly heating up.

At the end of July, due to the hype of the external market weather, meidou rose, and the soybean meal market continued to rise, with the price breaking through 4,200 RMB/ ton until the beginning of August. The price continued to rise at 4,200 RMB/ ton, occasionally callback, and the overall trend rose.

SunSirs agricultural products analyst said: the external market is profitable frequently, and it is expected that China soybean meal market will continue to rise in the future.

 

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

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