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December 19, 2011
 
China Rapeseed Meal Weekly: Demand outlook bleak (week ended Dec 16, 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 Dec 8
(RMB/tonne)

Price as of Dec 16
(RMB/tonne)

Price change
(RMB/tonne)

Jiangsu

Nantong

Ex-warehouse

36

2,000

2,000

0

0

Wuxi

Ex-warehouse

36

2,050

2,000

-50

-2.44

Anhui

Chaohu

Ex-warehouse

36

2,000

2,000

0

0

Hefei

Ex-warehouse

36

2,000

1,900

-100

-5.00

Anqing

Ex-warehouse

36

2,050

2,000

-50

-2.44

Hubei

Wuhan

Port

36

1,950

1,900

-50

-2.56

Jingmen

Ex-warehouse

36

1,900

1,900

0

0

Xiangyang

Ex-warehouse

36

1,900

1,900

0

0

Hunan

Yueyang

Ex-warehouse

36

1,950

1,950

0

0

Changde

Ex-warehouse

36

2,000

1,950

-50

-2.50

Changsha

Rail Station

36

2,000

2,000

0

0

Sichuan

Chengdu

Rail Station

36

2,000

2,000

0

0

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

1,900

1,900

0

0

Average

 

-

-

1,913

1,893

-20

-1.05

Prices are representative and for reference only.
RMB1=US$0.1578 (Dec 19)

 
 
Market Analysis
 
Rapeseed meal market remained soft over the week, as feed millers had no plans to make year-end replenishment due to rapeseed meal's lack of cost competitiveness in the face of cheaper Indian imports and weakening prices of alternative oilseed meals such as soymeal and cottonseed meal. 
 
 
Market Forecast
 
With demand expected to stay slack through year-end, rapeseed meal market should maintain weak momentum in the near term.
 

 

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