Spots Offers for Jiusan Soybean Meal Keep Firm in Liaoning on September 28th
Cofeed News: today(on September 28th), 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) when priced 3,080 yuan/tonne upon transaction. Approximately, 5,000 tonnes soybeans are processed each day by two-line operation where delivery of goods is restricted and invoicing is paused for the moment. As US soybeans prices began to rebound last night along with soybean meal in DCE today, lower prices of soybean meal are expected to attract more deals today.
