Prices upon transaction for Jiusan Soybean Meal in Tianjin Remain Stable on September 29th
Cofeed News: today(on September 29th), Jiusan offers 3,000 yuan/tonne for soybean meal(43% protein content) spots, 2,980 yuan/tonne upon transaction, remaining flat over yesterday. The spread for soybean meal(45% protein content) is +130 yuan/ton, +180 yuan/ton for that of 46% protein content. Jiusan has 115,000 tonnes soybeans and 3,000 tonnes soybean meal in inventory, among which 40,000 tonnes upon contract remaining unimplemented. Jiusan processes 5,000 tonnes soybeans for one day by two lines, but a full stop will be dated on September 29th night to October 6th owing to national holidays in China. Two ships loaded with soybean has arrived on September 16th and 26th, and another two ships will arrive in October.
