November 19, 2008
China Soymeal Mid-Week: Weak demand pushes prices down (Nov 18, 2008)
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Prices fell RMB20-50/tonne during mid-week to settle in the range of RMB3,200-3,300/tonne.
|
Soymeal transacted prices in China | ||
|
Region |
Protein content (%) |
Price as of Nov 18 (RMB/tonne) |
|
North-east China |
　 | |
|
Heilongjiang |
43 |
3,050 |
|
Liaoning |
43 |
3,240 |
|
North China |
　 | |
|
Hebei |
43 |
3,240 |
|
East China |
　 | |
|
Shandong |
43 |
3,300 |
|
Jiangsu |
43 |
3,250 |
|
South China |
　 | |
|
Guangdong |
43 |
3,180 |
|
Prices are representative and are for reference only.
RMB1=US$0.1466 (Nov 19) | ||
Soymeal prices consolidated lower amid light trade.
CBOT soy prices are likely to fall further. Consequently, soymeal prices in China are expected to soften amid lower production cost and weak demand.
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