SunSirs: Downstream Demand Turns Weak, China Soybean Meal Market Declines
September 25 2023 14:31:50 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the soybean meal market fell significantly last week, with prices falling. On September 18th, the average market price of soybean meal was 4,794 RMB/ton. On September 22nd, the average market price of soybean meal was 4,608 RMB/ton, with a price drop of 3.88%.
Last week, the soybean meal market fell by nearly 4%. The demand in the terminal aquatic feed industry has weakened, and the quantity of soybean meal purchased by feed factories has decreased. The market has gradually absorbed the favorable factors of American beans in the external market, and the soybean futures market has been continuously declining. Spot soybean meal prices have also declined, with mainstream quotations falling to 4,600 RMB/ton and prices falling by 200 RMB/ton.
SunSirs agricultural product analyst believes that as the Mid Autumn Festival approaches, soybean oil factories are gradually shutting down for maintenance, and supply is tightening. There is still room for soybean meal to rise in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2025-04-30 SunSirs: It is Expected that the Domestic Soybean Meal Spot Price will Turn from Strong to Weak in May
- 2025-04-29 SunSirs: The Spot Price of Soybean Meal is rapidly Rising in China, Pushing Up the Feed Costs of Breeding Enterprises
- 2025-04-28 SunSirs: The Supply of Imported Soybeans is Guaranteed in China, and the Short-term Price Increase of Soybean Meal is Difficult to Sustain
- 2025-04-27 SunSirs: Brazil's Market Share in the EU Soybean Meal Market Dropped to 50% on April 20
- 2025-04-25 SunSirs: Positive Support, China Soybean Meal Market Continues to Rise
