October 27, 2011
China Rapeseed Meal Weekly: Prices remain soft (week ended Oct 27, 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 Oct 20 |
Price as of Oct 27 |
Price change | ||
|
(RMB/tonne) |
Percentage | ||||||
|
Jiangsu |
Nantong |
Ex-warehouse |
36 |
2,250 |
2,250 |
0 |
0 |
|
Wuxi |
Ex-warehouse |
36 |
2,200 |
2,200 |
0 |
0 | |
|
Anhui |
Chaohu |
Ex-warehouse |
36 |
2,200 |
2,200 |
0 |
0 |
|
Hefei |
Ex-warehouse |
36 |
2,200 |
2,150 |
-50 |
-2.27 | |
|
Anqing |
Ex-warehouse |
36 |
2,150 |
2,150 |
0 |
0 | |
|
Hubei |
Wuhan |
Port |
36 |
2,100 |
2,100 |
0 |
0 |
|
Jingmen |
Ex-warehouse |
36 |
2,130 |
2,130 |
0 |
0 | |
|
Xiangyang |
Ex-warehouse |
36 |
2,120 |
2,100 |
-20 |
-0.94 | |
|
Hunan |
Yueyang |
Ex-warehouse |
36 |
2,150 |
2,100 |
-50 |
-2.33 |
|
Changde |
Ex-warehouse |
36 |
2,100 |
2,100 |
0 |
0 | |
|
Changsha |
Rail Station |
36 |
2,150 |
2,150 |
0 |
0 | |
|
Sichuan |
Chengdu |
Rail Station |
36 |
2,200 |
2,150 |
-50 |
-2.27 |
|
Ziyang |
Ex-warehouse |
36 |
1,550 |
1,550 |
0 |
0 | |
|
Qinglongchang |
Ex-warehouse |
36 |
1,600 |
1,570 |
-30 |
-1.88 | |
|
Guangdong |
Guangzhou |
Rail Station |
36 |
2,200 |
2,150 |
-50 |
-2.27 |
|
Average |
　 |
- |
- |
2,087 |
2,070 |
-17 |
-0.80 |
|
Prices are representative and for reference only. | |||||||
Market Analysis
Rapeseed meal sales flopped following the tail end of the aqua season, but with most crushers currently on production halts, the price falls had been limited.
Market Forecast
The Greek debt deal reached recently in the EU summit is seen to shore up confidence in the global and domestic commodities markets and provide a brief respite to rapeseed meal prices in the near term.
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