SunSirs: Poor Demand, Weak Operation of China Domestic Soybean Market
November 14 2022 09:49:55 SunSirs (Selena)
According to the monitoring data of SunSirs, since November, domestic soybeans are still weak. At the beginning of this month, the average price of domestic soybean market was 5,800 RMB/ ton. On November 10, the average price of domestic soybean market was 5,786 RMB/ ton, down 0.24%.
In November, domestic soybeans in the new season in Northeast China were basically on the market, with loose supply and flat demand for terminal soybean products. Most of the market prices were listed at the national storage, with gross grain of 2.75-2.8 RMB/500g and commodity beans of 2.85-2.9 RMB/500g. The overall market was weak and stable. The terminal demand is not strong, and the domestic soybean market in the future will remain stable and narrow.
SunSirs agricultural product analyst believes that the demand for terminal soybean products is sluggish, and China domestic soybean market will still be weak in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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