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November 25, 2011
 
China Rapeseed Meal Weekly: Low output limits price fall (week ended Nov 24, 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 Nov 17
(RMB/tonne)

Price as of Nov 24 
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,100

2,000

-100

-4.76

Wuxi

Ex-warehouse

36

2,200

2,050

-100

-4.65

Anhui

Chaohu

Ex-warehouse

36

2,150

2,150

0

0.00

Hefei

Ex-warehouse

36

2,100

2,100

0

0.00

Anqing

Ex-warehouse

36

2,150

2,100

0

0.00

Hubei

Wuhan

Port

36

2,100

2,030

-50

-2.40

Jingmen

Ex-warehouse

36

2,050

2,050

0

0.00

Xiangyang

Ex-warehouse

36

2,000

2,000

0

0.00

Hunan

Yueyang

Ex-warehouse

36

2,050

2,050

0

0.00

Changde

Ex-warehouse

36

2,100

2,100

0

0.00

Changsha

Rail Station

36

2,100

2,100

0

0.00

Sichuan

Chengdu

Rail Station

36

2,150

2,100

-50

-2.33

Ziyang

Ex-warehouse

36

1,520

1,500

-20

-1.32

Qinglongchang

Ex-warehouse

36

1,550

1,500

-50

-3.23

Guangdong

Guangzhou

Rail Station

36

2,050

1,950

-50

-2.50

Average

 

-

-

2,013

1,985

-28

-1.39%

Prices are representative and for reference only.
RMB1= US$0.1572 (Nov 24)

 
 
Market Analysis
 
Sales of rapeseed meal and cottonseed meal were limited as feed mills cut down production of aqua feed prominently amid sliding demand, while a soft soymeal market added pressure to the two protein meal markets. Nevertheless, low operation rates of rapeseed meal crushers tightened availability, hence lending some support to the market.
 
 
Market Forecast
 
With feed demand, in particular that of aqua feed, weak rapeseed meal prices are unlikely to pick up in the coming period.
 
 
 


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