Offers for Jiusan Soybean Meal Spots in Tianjin Rise Slightly on September 21st
Cofeed News: affected by an impressive rising in commodity market and soybean export demands, beans in US trading ended the day higher yesterday, accordingly, soybean meal futures in DCE today also meet moderate rebounds. Today(on September 21st), Jiusan offers 2,900 yuan/ton for soybean meal(43% protein content) spots, up 20 yuan/ton against yesterday’s 2,880 yuan/ton, yet prices are negotiable. About 6,000 tons were sold out yesterday when pricing 2,860 yuan/ton, 9,000 tons sold for basis M1801+80 from November to January in 2018. Jiusan processes 5,000 tons soybean for one day by two-line operation, 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.
