SunSirs: It is Estimated that the Domestic Rapeseed Meal Market has Limited Upside Space
February 08 2023 10:50:14The latest price of rapeseed meal (2-6): 3450 RMB/ton
Key points of analysis: the average market price is 3450 RMB/ton, up 1.71% from the previous trading day and 12.01% year-on-year. Before the spring, the oil plant was shut down for holiday, and the work began after the festival. The spot supply of rapeseed meal decreased, which was good for the price of rapeseed meal. Aquaculture is in the off-season, and it is difficult to effectively boost the demand for rapeseed meal. With a large number of imported rapeseed arriving in Hong Kong, the operating rate of the refinery increased, and the supply of rapeseed meal increased.
Aftermarket forecast: It is expected that the upward space of rapeseed meal is limited.
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