SunSirs: Tight Supply, China Domestic Soybean Market was Strong
June 19 2023 09:28:23 SunSirs (Selena)
According to monitoring data from SunSirs, starting from June 1st, the domestic soybean market has rebounded and ushered in an upward trend. On June 1st, the average market price of domestic soybeans was 5,250 RMB/ton. On June 15th, the average market price of domestic soybeans was 5,302 RMB/ton, with a price increase of 0.99%.
Starting from June, there is a shortage of domestic soybeans in the new season, and supply is tight. Traders are mainly pushing prices, leading to an overall increase in the domestic soybean market. The mainstream quotation is 2.65-2.68 RMB/500g, with a price increase of 0.03 RMB/500g. The market transaction is fair, the stock is average, and the market is firm.
SunSirs agricultural product analyst believes that with supply tightening, there is still room for improvement in China domestic soybean market.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-24 SunSirs: Relatively Tight Supply, China Domestic Soybean Market slightly Rebounds
- 2024-04-19 SunSirs: Low Terminal Demand, China Domestic Soybean Market is Stable
- 2024-04-08 SunSirs: Weak Demand, China Domestic Soybean Market is Stable
- 2024-03-28 SunSirs: Weak Performance of China Domestic Soybean Market in March
- 2024-03-22 SunSirs: Weak Supply and Demand, China Domestic Soybean Market is Weak and Stable
