In September, the import volume of soybeans to ports in China remained relatively high. The soybean crushing capacity of major oil factories in the country remained above 2.3 million tons for four consecutive weeks, and the crushing capacity is expected to remain around 2.4 million tons this week, with a large output of soybean meal. Monitoring shows that as of September 19th, the soybean meal inventory of major oil plants in China has exceeded 1.2 million tons, and it is expected to rise to over 1.25 million tons by the end of September.
On September 24th, the benchmark price of soybean meal in SunSirs was 2,986.00 RMB/ton, a decrease of 3.74% compared to the beginning of this month (3,102.00 RMB/ton).
Application of SunSirs Benchmark Pricing
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
