Commodity News
SunSirs: China Domestic Soybean Meal Prices Stopped Falling and Rebounded Last Week
December 30 2024 13:39:07 SunSirs (Selena)
On December 27th, the National Grain and Oil Information Center reported that on December 26th, the closing price of the Dalian Commodity Exchange soybean meal 2505 contract was 2,668 RMB/ton, slightly up 0.9% from the previous trading day and up 3.7% from the same period last week. In terms of spot goods, the price of ordinary soybean meal in coastal areas is 2,800-2,950 RMB/ton, up 10-30 RMB/ton from the previous day and 30-60 RMB/ton from the same period last week. Some oil factories in southern China are shut down due to bean shortage, and soybean meal prices are 20-50 RMB/ton higher than in northern China.
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