Offers for Jiusan Soybean Meal in Tianjin Remain Stable on September 18th
Cofeed News: today(on September 18th), Jiusan offers 2,880 yuan/ton for soybean meal(43% protein content) spots, remaining flat over last Friday, yet prices are negotiable. About 1,000 tons were sold out last Friday when offered 2,840 yuan/ton. Basis upon delivery is M1801+90 from November 1st with a decline of 20 yuan/ton, M1801+90 from December 1st with a steady trend, M1801+90 from January 1st in the following year which remains stable. The spread for soybean meal(45% protein content) is +110 yuan/ton, +160 yuan/ton for that of 46% protein content. Jiusan processes 5,000 tons soybean for one day by two lines, but a full stop will be dated on September 30th to October 6th owing to National Day in China. One ship loaded with soybean had arrived on September 16th.
