Spot Offers for Jiusan Soybean Meal Meet Stagflation in Dalian, Liaoning on September 18th
Cofeed News: today(on September 18th), Jiusan in Dalian, Liaoning prices 2,980 yuan/ton for soybean meal(43% protein content) spots, keeping flat over last Friday, yet prices are negotiable and basis stops to quote. The spread for soybean meal(45% protein content) is +90 yuan/ton. About 2,000 tons soybean meal were sold out upon basis M1801+180 from November 11th. Though 5,000 tons of soybean are processed each day with two-line operation, inventory pressure still exits since shipments are quite slow. Futures in market drop slightly for inactive participating of buyers in market, accordingly, overall turnover for soybean meal is expected to be poor today.
