SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Soybean News > News Detail
Soybean News
SunSirs: Led by Bad News, Domestic Soybean Market Was Weak
February 17 2023 13:49:43SunSirs(John)

Price trend

According to the monitoring data of SunSirs, since February, the domestic soybean market had continued to run in a weak position, mainly in a oscillatory decline. At the beginning of the month, the average market price of domestic soybeans was 5,400 RMB/ton; On February 16, the average market price of domestic soybeans was 5,380 RMB/ton, down 0.37%.

Led by bad news, domestic soybean market continued to weaken

Since February, the price of domestic soybeans purchased by the State Reserve had dropped below 2.7 yuan/jin, and the mainstream price was 2.68-2.69 yuan/jin. The market was mainly based on the purchase price of State Reserve, and the market was relatively stable. Traders' shipments were general, and farmers were cautious in entering the market. The mainstream price of domestic soybeans in the main production area of Heilongjiang was 2.6-2.7 yuan/jin, and the market was stable.

Market outlook

The agricultural product analysts of SunSirs believe that the purchase price of the State Reserve was reduced, the demand for soybean products was flat, and the domestic soybean market will still be weak and stable in the future.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products