SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Soybean News > News Detail
Soybean News
SunSirs: Soybean Market is Stable This Week
September 10 2019 10:32:06SunSirs(Eva)

  The soybean commodity index on September 6 was 92.69, which was the same as yesterday. It was 21.09% lower than the cyclical peak of 117.47 points (2013-03-29), and 3.32% higher than the lowest point of 89.71 on April 16, 2019. (Note: Period refers to 2011-09-01 to date)

  According to the SunSirs monitoring: this week, the price of domestic soybean is stable, the average price of domestic soybean is RMB 3633/ton, and there is no fluctuation in the price.

  Products: This week, the surplus grain in the main production area is almost exhausted, and soybeans continue to be priceless and market-free. The market supply is mainly state-stored soybeans. Protein 40 is quoted at RMB 1.85/kg in 2015 and RMB 1.8/kg in 2013. New season soybean has entered the harvesting period, the auction of state-reserved soybean has stopped, and the market is mainly stable for the time being.

  State Reserve: On September 2, the turnover rate of the state temporary storage soybean is 100%, the average transaction price is RMB 3121/ton. According to the results of the state temporary storage soybean transaction issued by the State Food Trade Center on September 2, the planned sales volume is 21266 tons, the turnover volume is 21266 tons, the turnover rate is 100%, and the average transaction price is RMB 3330/ton.

  Soybean analysts from SunSirs believe that domestic new season soybeans will be on the market soon, and the follow-up auction of the State Reserve will stop. As a result of this year's rain disaster, soybean production in the new season will be greatly reduced, and soybean prices in the new season may rise.

  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