Offers for Soybean Meal in Qingdao Remain Stable on September 29th
Cofeed News: today(on September 29th), the offer for soybean meal spots with 43% protein content in Bohi, Qingdao is 2,930 yuan/tonne, remaining flat over yesterday, yet prices are negotiable. No transaction was made yesterday when offered 2,920 yuan/tonne upon transaction. Overall, 10,000 tonnes of soybeans are processed everyday with two-line operation opened in Bohi, notably, operation will be continued during national holidays in Sector 2, but a machine halt in Sector 1 will be projected on October 5th yet with an overhaul on 7th and 8th.
Though futures in market continue to downsize, oil refineries still hold out for higher prices in light of tightened supply of soybean meal in Shandong region.
