SunSirs: Loose Supply, Weak Decline in China Soybean Meal Market
June 17 2024 11:14:07 SunSirs (Selena)
According to the commodity market analysis system of the business club, after the Dragon Boat Festival, the soybean meal market fell endlessly, down more than 2%. On June 10, the average market price of soybean meal was 3,458 RMB/ton. On June 14, the average market price of soybean meal was 3,382 RMB/ton, down 2.2%.
After the Dragon Boat Festival, due to the increasing volume of imported soybeans, the increasing inventory of soybean meal, the loose market supply, the cautious purchase of terminal feed plants, the average market price fell to 3,380 RMB/ton, down more than 2%.
The agricultural product analysts of the business community believe that the terminal demand is poor, and the soybean meal market will still be weak in the future.
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