SunSirs: Low Terminal Demand, China Domestic Soybean Market is Stable
April 19 2024 14:32:00 SunSirs (Selena)
According to the commodity market analysis system of SunSirs, since April, the overall domestic soybean market has been weak and stable. On April 1st, the average price of domestic soybean market was 4,700 RMB/ton, and on April 18th, the average price of domestic soybean market was 4,716 RMB/ton, with a price increase 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 4,700 RMB/ton, with stable prices and slight fluctuations. Spring plowing is approaching, and farmers have less surplus soybean grain in their hands, leaving no time to sell beans. The market is generally selling goods, and the market is running smoothly. As of April 18th, the domestic soybean market has been running steadily.
SunSirs agricultural product analysts believe that with the start of spring plowing, the market for purchasing and selling domestically produced soybeans will remain stable in the future.
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