Spot Offers for Jiusan Soybean Meal Remain Stable in Dalian, Liaoning on September 20th
Cofeed News: today(on September 20th), Jiusan in Dalian, Liaoning offers 2,980 yuan/ton for soybean meal(43% protein content) spots, keeping flat over yesterday, yet prices are negotiable and basis stops to quote. The spread for soybean meal(45% protein content) is +110 yuan/ton, +30 yuan/ton for soybean meal of larger slices. No transaction was made yesterday on soybean meal(45% protein content). Though 5,000 tons of soybean are processed each day with two-line operation, inventory pressure still exits since shipments are quite slow. Buyers in market are cautious in consideration of the plummeting futures, accordingly, overall turnover for soybean meal is expected to be poor today.
