Spots Offers for Jiusan Soybean Meal Meet Stagflation in Liaoning on September 26th
Cofeed News: today(on September 26th), Jiusan in Dalian, Liaoning offers 3,100 yuan/tonne for soybean meal(43% protein content) spots, which remains flat over yesterday, yet prices are negotiable and the basis stops to quote. The spread for soybean meal(45% protein content) is +130 yuan/tonne, +30 yuan/tonne for soybean meal of larger slices. No transaction was made yesterday for soybean meal(43% protein content). Approximately, 5,000 tonnes soybean are processed each day by two-line operation where delivery of goods is restricted and invoicing is paused for the moment. As futures slip in market, soybean meal prices suffer from stagflation in oil refineries today.
