December 19, 2011
China Rapeseed Meal Weekly: Demand outlook bleak (week ended Dec 16, 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 Dec 8 |
Price as of Dec 16 |
Price change | ||
|
Jiangsu |
Nantong |
Ex-warehouse |
36 |
2,000 |
2,000 |
0 |
0 |
|
Wuxi |
Ex-warehouse |
36 |
2,050 |
2,000 |
-50 |
-2.44 | |
|
Anhui |
Chaohu |
Ex-warehouse |
36 |
2,000 |
2,000 |
0 |
0 |
|
Hefei |
Ex-warehouse |
36 |
2,000 |
1,900 |
-100 |
-5.00 | |
|
Anqing |
Ex-warehouse |
36 |
2,050 |
2,000 |
-50 |
-2.44 | |
|
Hubei |
Wuhan |
Port |
36 |
1,950 |
1,900 |
-50 |
-2.56 |
|
Jingmen |
Ex-warehouse |
36 |
1,900 |
1,900 |
0 |
0 | |
|
Xiangyang |
Ex-warehouse |
36 |
1,900 |
1,900 |
0 |
0 | |
|
Hunan |
Yueyang |
Ex-warehouse |
36 |
1,950 |
1,950 |
0 |
0 |
|
Changde |
Ex-warehouse |
36 |
2,000 |
1,950 |
-50 |
-2.50 | |
|
Changsha |
Rail Station |
36 |
2,000 |
2,000 |
0 |
0 | |
|
Sichuan |
Chengdu |
Rail Station |
36 |
2,000 |
2,000 |
0 |
0 |
|
Ziyang |
Ex-warehouse |
36 |
1,500 |
1,500 |
0 |
0 | |
|
Qinglongchang |
Ex-warehouse |
36 |
1,500 |
1,500 |
0 |
0 | |
|
Guangdong |
Guangzhou |
Rail Station |
36 |
1,900 |
1,900 |
0 |
0 |
|
Average |
　 |
- |
- |
1,913 |
1,893 |
-20 |
-1.05 |
|
Prices are representative and for reference only. | |||||||
Market Analysis
Rapeseed meal market remained soft over the week, as feed millers had no plans to make year-end replenishment due to rapeseed meal's lack of cost competitiveness in the face of cheaper Indian imports and weakening prices of alternative oilseed meals such as soymeal and cottonseed meal.
Market Forecast
With demand expected to stay slack through year-end, rapeseed meal market should maintain weak momentum in the near term.
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