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December 5, 2011
 
China Rapeseed Meal Weekly: Prices decline further (week ended Dec 1, 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 24
(RMB/tonne)

Price as of Dec 1
(RMB/tonne)

Price change
(RMB/tonne)

Jiangsu

Nantong

Ex-warehouse

36

2,000

2,000

0

0

Wuxi

Ex-warehouse

36

2,050

2,050

0

0

Anhui

Chaohu

Ex-warehouse

36

2,150

2,000

-150

-6.98

Hefei

Ex-warehouse

36

2,100

2,100

0

0

Anqing

Ex-warehouse

36

2,100

2,100

0

0

Hubei

Wuhan

Port

36

2,030

2,000

-30

-1.48

Jingmen

Ex-warehouse

36

2,050

1,900

-150

-7.32

Xiangyang

Ex-warehouse

36

2,000

1,900

-100

-5.00

Hunan

Yueyang

Ex-warehouse

36

2,050

2,050

0

0

Changde

Ex-warehouse

36

2,100

2,000

-100

-4.76

Changsha

Rail Station

36

2,100

2,050

-50

-2.38

Sichuan

Chengdu

Rail Station

36

2,100

2,050

-50

-2.38

Ziyang

Ex-warehouse

36

1,500

1,500

0

0

Qinglongchang

Ex-warehouse

36

1,500

1,500

0

0

Guangdong

Guangzhou

Rail Station

36

1,950

1,900

-50

-2.56

Average

 

-

-

1,985

1,940

-45

-2.28

Prices are representative and for reference only.
RMB1=US$0.1571 (Dec 5)

 
 
Market Analysis
 
Rapeseed meal prices slipped further over the week on poor demand in the aqua feed sector, as well as pressure from cheaper imports and cost competitiveness of cottonseed meal, which prices had plunged to multi-year lows.
 
 
Market Forecast
 
Restocking interest for rapeseed meal is expected to remain weak through year-end.
 
 


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