According to the National Grain and Material Reserve Data Center, on the week of February 6th, domestic oil factories intensified their soybean crushing during the pre holiday working days. The weekly soybean crushing volume reached a historic high, and soybean meal output increased, with inventory rising to over 900,000 tons. This weekend will enter the Spring Festival holiday, and oil factories will generally shut down. It is expected that soybean meal inventory will drop to around 700,000 tons by the end of the month.
On February 11th, the benchmark price of soybean meal in SunSirs was 3,164.00 RMB/ton, a decrease of 0.44% compared to the beginning of this month (3,178.00 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.
