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October 27, 2011
 
China Rapeseed Meal Weekly: Prices remain soft (week ended Oct 27, 2011)
 
An eFeedLink Exclusive

                            
Price summary

Prices were stable to lower.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of Oct 20
(RMB/tonne)

Price as of Oct 27 
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,250

2,250

0

0

Wuxi

Ex-warehouse

36

2,200

2,200

0

0

Anhui

Chaohu

Ex-warehouse

36

2,200

2,200

0

0

Hefei

Ex-warehouse

36

2,200

2,150

-50

-2.27

Anqing

Ex-warehouse

36

2,150

2,150

0

0

Hubei

Wuhan

Port

36

2,100

2,100

0

0

Jingmen

Ex-warehouse

36

2,130

2,130

0

0

Xiangyang

Ex-warehouse

36

2,120

2,100

-20

-0.94

Hunan

Yueyang

Ex-warehouse

36

2,150

2,100

-50

-2.33

Changde

Ex-warehouse

36

2,100

2,100

0

0

Changsha

Rail Station

36

2,150

2,150

0

0

Sichuan

Chengdu

Rail Station

36

2,200

2,150

-50

-2.27

Ziyang

Ex-warehouse

36

1,550

1,550

0

0

Qinglongchang

Ex-warehouse

36

1,600

1,570

-30

-1.88

Guangdong

Guangzhou

Rail Station

36

2,200

2,150

-50

-2.27

Average

 

-

-

2,087

2,070

-17

-0.80

Prices are representative and for reference only.
RMB1=US$0.1566 (Oct 27)

 
 
Market Analysis
 
Rapeseed meal sales flopped following the tail end of the aqua season, but with most crushers currently on production halts, the price falls had been limited.
 
 
Market Forecast
 
The Greek debt deal reached recently in the EU summit is seen to shore up confidence in the global and domestic commodities markets and provide a brief respite to rapeseed meal prices in the near term.
 

 

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