Prices were lower in most regions.
|
Weekly transacted prices of soymeal in China | ||||
|
Region |
Protein content
(%) |
Price as of Dec 5 (RMB/tonne) |
Price as of Dec 12 (RMB/tonne) |
Price change(RMB/tonne) |
|
Heilongjiang |
43 |
2,950 |
2,800 |
-100 |
|
Liaoning |
43 |
2,970 |
2,990 |
20 |
|
Hebei |
43 |
2,960 |
2,950 |
-10 |
|
Shandong |
43 |
3,000 |
2,980 |
-20 |
|
Jiangsu |
43 |
3,000 |
3,000 |
0 |
|
Guangdong |
43 |
2,980 |
2,980 |
0 |
| Prices are representative and are for reference only. RMB1=US$0.1461(Dec 15) | ||||
Market analysis
Soymeal prices were relatively stable in China as more crushers halted production. In Shangdong, more than half of the crushers had stopped crushing activities.
In the weeks ahead, soymeal deliveries via inland waterways will be affected by the falling water levels in winter. Entering January, ground deliveries will be affected by tight rail schedules as homeward bound commuters swarm the railway stations.
Market forecast
 |
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