Soybean meal prices in China are expected to stop falling and stabilize in the near future (11.1)

OA show ('918 '); the recent international soybean price correction, the price of 1743-1784.5 yuan / ton, about 5% higher than last week At the same time, the price of soybean meal in each port of China is increased by 24.9-41.5 yuan Boabc believes that due to the increase of soybean and soybean meal imports from August to September and the decrease of soybean meal used in aquatic feed, the total supply of soybean meal from September to the first ten days of October was maintained at about 500000 tons However, boabc believes that the total supply of soybean meal is basically balanced in mid October, and there is little room for the price to rise It is expected that the price of soybean meal in China will stop falling and stabilize in mid October The reasons are as follows: the recent rise of soybean meal freight Due to the increase of international oil price, the price of refined oil has been raised seven times in China, with an increase of 5% The price of soybean meal increased slightly in Sichuan, Hunan, Anhui, Jiangxi and other domestic soybean meal consumption areas However, soybean meal is relatively stable in Shandong and Northeast China Farmers in Northeast China are reluctant to sell soybeans, and the purchase cost of oil mills has increased, which will be transferred to soybean meal Recently, the price of northeast new beans is 1.66 yuan / kg, up 6.5% over the same period last year Affected by the rise in soybean prices at the end of 1999, farmers' confidence in making money from soybeans increased The cost for oil mills to acquire new soybeans will increase In recent years, the profits of the main oil pressing enterprises in the coastal areas of China have declined, and the crushing capacity of individual enterprises has increased (2000 tons / day), but most of the small and medium-sized enterprises (less than 400 tons / day) have suffered serious losses, reducing the supply of soybean meal From June to September, the import of soybeans from new oil mills increased in Guangdong, Guangxi and Shandong Shandong, Dalian and Guangdong accounted for 1 / 2, 1 / 3 and 1 / 5 of the total import of soybeans During this period, the supply and circulation of soybean meal was basically controlled by the region 6ur (author:)