Commodity News
SunSirs: After the Holiday, the Soybean Meal Market Was Weak and Down
May 07 2022 15:34:02 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, soybean meal entered the downward channel at the end of April, and the price continued to decline. After May Day, soybean meal continued to decline in a weak market. As of May 6, the average market price of soybean meal was 4,038 RMB/ton, down 2.62% from April 28.
Analysis review
The terminal feed demand turned weak, the external futures were bearish, and the soybean meal market fell.
Market outlook
Negative factors are still, and the soybean meal market is expected to decline weakly in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
Related Information
- 2024-05-15 SunSirs: Bearish Sentiment, and the Rebound of Soybean Meal Market is Weak in China
- 2024-04-29 SunSirs: Driven by External Market, China Soybean Oil and Palm Oil Market Fluctuates and Rises
- 2024-04-16 SunSirs: The Bearish Sentiment still Exists, China Soybean Meal Market may Hit a New Low
- 2024-04-12 SunSirs: Daily Report of China Commodity Data (April 12, 2024)
- 2024-04-11 SunSirs: Daily Report of China Commodity Data (April 11, 2024)
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