Transaction Prices for Jiusan Soybean Meal Spots in Tianjin Rise Slightly on September 19th
Cofeed News: today(on September 19th), soybean in Asian electronic trading rebound slightly, the same trend going to soybean meal in DCE. Jiusan offers 2,880 yuan/ton for soybean meal(43% protein content) spots, with transaction price 2,860 yuan/ton, rising by 10 yuan/yon over yesterday. Basis upon delivery is M1801+90 from November 1st, M1801+90 from December 1st, M1801+90 from January 1st in 2018, all of which remain 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.
