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 |
Price as of Sep 29 |
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. | |||||||
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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