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SunSirs: Soybean Oil Plants are Shutting down One after Another, and Soybean Meal's Decline before the Holiday Slows down

February 03 2021 08:53:17     SunSirs (Linda)

According to SunSirs data monitoring, soybean meal has a good start in the beginning of 2021, with prices rising all the way, nearly 20%. Due to the lack of demand for terminal feed, after the soybean meal rose sharply, the high-level diving market started, and the price continued to fall, falling by more than 10 points. As of February 2, the average market price of soybean meal was 3,773 yuan/ton, an increase of 8.04% from the price in early January.

According to the weekly fluctuations from December 2020 to January 2021, we can see that starting from mid-December, the price of soybean meal has shown an upward trend every week. In the second week of December, the increase was 2.29%, and the increase was slightly in the third week. Decline, up 0.83%, and the fourth week's increase expanded, up 4.25%. Soybean meal began to dive after two consecutive weeks of rising in January, and fell for two consecutive weeks. Since the first week increased by more than 3%, the second week had increased by more than 10%, and the increase was far greater than the decrease. Therefore, the overall increase in January was the Lord. Soybean meal continued to fall for two consecutive days in February. As of February 2, the average market price of soybean meal was 3,773 yuan/ton, a decrease of 1.05%.

Soybean oil mills continue to shut down

In the first half of January, the spot price of soybean meal rose sharply for half a month due to the rise in the futures market. In the second half of the month, due to the increase in logistics costs, terminal pigs were concentrated in slaughter, feed demand declined, and soybean meal prices plunged. 10%. In early February, soybean meal remained weak down. As the Spring Festival is approaching, soybean oil plants have started to shut down plans, supply is tight, and soybean meal spot is relatively strong. Due to the suppression of the futures market, spot prices have been adjusted slightly following the market. The mainstream price has fallen to 3,300 yuan/ton.

The shutdown plan of some domestic soybean oil plants is as follows: Changchun Jiu San soybean meal plant is scheduled to shut down on February 9 and resume operation on February 18. Tieling's soybean meal plant is scheduled to shut down on February 9th and the main line will resume on February 20th. The Dalian Jiu San soybean meal plant is scheduled to shut down on February 9 and resume operation on both lines on February 15. Tianjin Jiu San soybean meal plant is scheduled to shut down on February 7 for single line and dual line on February 9. The Dandong Jiu San soybean meal plant is scheduled to shut down on February 9, and the start-up time has not yet been determined.

The Dalian Nissin soybean meal plant is scheduled to shut down on February 8. The start-up time has not yet been determined. The Panjin Huifu Soybean Meal Plant started normally before the holiday, and the Panjinzhong Grain Soybean Meal Plant is scheduled to shut down on February 3 and resume operation on February 19. Yingkou Longjiangfu soybean meal plant is scheduled to shut down on February 9th and resume operation on February 21st. The Yingkou Yihai soybean meal plant is scheduled to shut down on February 9, and the small line will resume on February 19.

SunSirs agricultural product analysts believe that as the Spring Festival is approaching, soybean oil plants will continue to shut down, supply is tight, and market transactions are limited. Soybean meal will stop falling and stabilize in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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