Offers for Jiusan Soybean Meal Spots in Tianjin Continue to Rise on September 25th
Cofeed News: affected by drastically rising US soybean prices last Friday and soybean meal futures in DCE today(on September 25th), Jiusan increases its offer for soybean meal(43% protein content) spots to 3,000 yuan/tonne, up 30 yuan/tonne over last Friday, yet prices are negotiable. No transaction was made last Friday when pricing 2,940 yuan/tonne. The spread for soybean meal(45% protein content) is +130, +180 for soybean meal(46% protein content). 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 holidays in China. One ship loaded with soybean had arrived on September 16th.
