Source: www.jintou.com
Terminal feed demand has weakened since December, as has imports, according to SunSirs monitoring data.soyThe number of arrivals in Hong Kong has increased, multiple negative pressures,soy flourThe market continued to fall for over half a month. As of December 19, the average market price of soybean meal was 4,686 yuan/ton, down 6.76% from the beginning of the month.
Since December, the terminal feed industry has not been very keen on buying soybean meal and the demand has weakened. Along with the increase in the number of imported soybean arriving in Hong Kong, the tight supply of soybean meal soy has improved.
Suppressed by multiple negative factors, the soybean meal market weakened and the price continued to decline slightly.
Li Bing, agricultural products analyst at SunSirs, believes that: The negative factors are still present and the market prospects for soybean meal are under pressure.
(Article source: SunSir)
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