SunSirs: Weak Demand, China Domestic Soybean Market is Stable
April 08 2024 14:34:18 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the overall domestic soybean market has been running steadily since April. On April 1st, the average market price of domestic soybeans was 4,700 RMB/ton. On April 7th, the average market price of domestic soybeans was 4,716 RMB/ton, with a price drop of 0.34%.
Starting from April, the demand for terminal soybean products remains sluggish, and the domestic soybean market has been sluggish in terms of purchase and sales. The purchase price of national storage warehouses is stable, and the domestic soybean market continues to be around 4700 RMB/ton, with stable prices and slight fluctuations. Spring plowing is approaching, and farmers have less surplus soybean grain in their hands. The market's sales are average, and the market is running smoothly.
Agricultural product analysts from SunSirs believe that the demand for terminal soybean products is sluggish, and the domestic soybean market will continue to operate steadily in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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