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November 4, 2011
 
China Rapeseed Meal Weekly: Market stays subdued (week ended Nov 3, 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 27
(RMB/tonne)

Price as of Nov 3
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,250

2,200

-50

-2.22

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

2,150

2,150

0

0

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

2,050

-80

-3.76

Xiangyang

Ex-warehouse

36

2,100

2,100

0

0

Hunan

Yueyang

Ex-warehouse

36

2,100

2,100

0

0

Changde

Ex-warehouse

36

2,100

2,100

0

0

Changsha

Rail Station

36

2,150

2,100

-50

-2.33

Sichuan

Chengdu

Rail Station

36

2,150

2,150

0

0

Ziyang

Ex-warehouse

36

1,550

1,550

0

0

Qinglongchang

Ex-warehouse

36

1,570

1,570

0

0

Guangdong

Guangzhou

Rail Station

36

2,150

2,100

-50

-2.33

Average

 

-

-

2,070

2,055

-15

-0.74

Prices are representative and for reference only.
RMB1=US$0.1574 (Nov 4)

 
 
Market Analysis
 
Despite a lack of demand, rapeseed meal prices were mostly stable as a slowdown in crushing since September cut rapeseed meal supplies, while a poorer harvest this year reduced the availability of rapeseed in the market.
 
 
Market Forecast
 
Near-term rapeseed meal prices are seen range-bound amid thin trade.
 
 


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