September 29, 2011
 
China Rapeseed Meal Weekly: Soymeal slump, sinking demand depress market (week ended Sep 29, 2011)
 
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Price summary

Prices were mostly lower.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of Sep 22
(RMB/tonne)

Price as of Sep 29
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,250

2,250

0

0

Wuxi

Ex-warehouse

36

2,250

2,200

-50

-2.22

Anhui

Chaohu

Ex-warehouse

36

2,200

2,200

0

0

Hefei

Ex-warehouse

36

2,200

2,200

0

0

Anqing

Ex-warehouse

36

2,200

2,180

-20

-0.91

Hubei

Wuhan

Port

36

2,200

2,150

-50

-2.27

Jingmen

Ex-warehouse

36

2,180

2,130

-50

-2.29

Xiangyang

Ex-warehouse

36

2,200

2,120

-80

-3.64

Hunan

Yueyang

Ex-warehouse

36

2,200

2,150

-50

-2.27

Changde

Ex-warehouse

36

2,250

2,200

-50

-2.22

Changsha

Rail Station

36

2,200

2,200

0

0

Sichuan

Chengdu

Rail Station

36

2,300

2,250

-50

-2.17

Ziyang

Ex-warehouse

36

1,600

1,550

-50

-3.13

Qinglongchang

Ex-warehouse

36

1,650

1,600

-50

-3.03

Guangdong

Guangzhou

Rail Station

36

2,350

2,320

-30

-1.28

Average

 

-

-

2,149

2,113

-35

-1.64

Prices are representative and for reference only.
RMB1=US$0.1562 (Sep 29)

 
 
Market Analysis
 
Rapeseed meal prices further weakened over the week, weighed by soymeal slump and rapidly shrinking aqua feed consumption as the weather turned harsher.
 
 
Market Forecast
 
Rapeseed meal is seen to continue the downtrend in the coming week, but sharp declines are unlikely due to strong cost factor.
 

 


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