Commodity News
SunSirs: Under the Negative Pressure, Soybean Meal Fell Sharply
June 24 2022 10:13:22 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, on June 23, the average market price of soybean meal was 4,164 RMB/ton, down 3.43% from the 20th.
Analysis review
Soymeal fell sharply this week, down more than 3%. The demand for soybean meal in the terminal feed was sluggish, and the soybean futures prices in the outer market had dived one after another. Under the superposition of multiple unfavorable factors, the soybean meal market fell in response, and the decline continued, and the mainstream quotation fell below 4,200 RMB/ton.
Market outlook
The soybean meal market is expected to remain weak 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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