Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Livestock & Feed Market

August 1, 2018                              
 
China Soymeal Weekly: Prices consolidate higher; demand stays sluggish (week ended Jul 30, 2018)
                                                                                  
An eFeedLink Exclusive
 
 
Price summary
 
Prices moved in a narrow range.
 

Weekly transacted prices of soymeal in China

Region

Protein content (%)

Price as of Jul 23
(RMB/tonne)

Price as of Jul 30
(RMB/tonne)

Price change
(Percentage)

Heilongjiang

43%

2,980

3,000

20

Liaoning

43%

2,970

2,980

10

Hebei

43%

3,200

3,180

-20

Shandong

43%

3,020

2,990

-30

Jiangsu

43%

2,990

3,040

50

Guangdong

43%

3,140

3,110

-30

Prices are representative and are for reference only.
RMB1=US$0.1469 (Aug 1)

 
 
Market analysis
 
Over the week, prices of CBOT November soy futures increased 2.4%.
 
A strengthening CBOT soy futures market helped to stabilised soymeal prices in China although demand showed little improvement with feed sales remaining slow. Weekly average soymeal price rose by 0.42%.
 
Meanwhile, China's top soy importer Sunrise Group, whose founder ascended to become one of the country's 100 wealthiest people, has filed for bankruptcy amid piling debts.
 
 
Market forecast
 
Demand for soymeal will remain soft with the hog sector staying weak and animal inventories flat. Currently, several crushers limit output or halt operation with business outlook gloomy. Hence, even as soy import prices may strengthen due to the US-China trade war, the upward scope of soymeal market will be limited.
 

 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read