SunSirs: Weak Demand, China Soybean Meal Market is Weak
December 15 2022 14:01:56 SunSirs (Selena)
According to the monitoring data of SunSirs, since December, the terminal feed demand has weakened, the soybean meal market has weakened, and the price has continued to fall. As of December 14, the average market price of soybean meal was 4,792 RMB/ton, down 4.66% from the beginning of the month.
Since December, the market for purchasing soybean meal in the terminal feed industry has not been enthusiastic, and the demand has turned weak. In addition, the number of imported soybeans arriving in Hong Kong has increased, and multiple negative factors have depressed the market. The market for soybean meal has weakened, and the price has continued to decline. The mainstream price has dropped to 4,700 RMB/ton, a decline of more than 3%.
SunSirs agricultural product analyst believes that the demand for terminal feed is not good, and the future market of soybean meal will still decline in China.
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