Prices upon transaction for Jiusan Soybean Meal in Tianjin Rebound slightly on September 18th
Cofeed News: soybean today in Asian electronic trading rise slightly, the same trend going to soybean meal in DCE in the afternoon. Today(on September 18th), Jiusan offers 2,880 yuan/ton for soybean meal(43% protein content) spots, by contrast, transaction prices are increased to 2,850 yuan/ton, a rise of 10 yuan/ton over last Friday. 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.
