SunSirs: Negative Sentiment still Persists, China Soybean Meal Market Falls Back

According to the commodity analysis system of SunSirs, starting from February 10th, negative pressure has been exerted, and the soybean meal market has experienced a pullback after rising, resulting in a weak downward trend. On February 10th, the average market price of soybean meal was 3,872 RMB/ton, and on February 18th, the average market price of soybean meal was 3,702 RMB/ton, a decrease of 4.39% in price.

Since February 10th, the bullish factors have been realized, and the soybean meal market has surged and gradually declined, with a decline of over 4%. The main reason is that the demand for terminal feed is relatively weak, and the futures market has entered a downward trend. The trading volume of soybean meal market has declined, and the market continues to decline. On February 18th, the average market price of soybean meal fell to 3,702 RMB/ton, a decrease of over 150 RMB/ton compared to February 10th.

SunSirs soybean meal analyst believes that at the end of February, the demand for terminal feed was flat, and the early increase in soybean meal was too fast, with limited market acceptance. It is expected that the soybean meal market will continue to rise weakly in the future.

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