In the fourth quarter, soybean oil entered the peak consumption season, the shipment speed accelerated, and the inventory continued to decrease, which did not support the sharp drop in spot prices. The seesaw market of oil meal will continue, and the price of soybean meal will continue to be under pressure, so it is difficult for the market to rise sharply, and it is still dominated by low shocks in the short term.
In the spot market, the current operating rate of oil plants is high, the stock of soybean meal is not low, and the expected supply is loose. Without the boost of aquaculture, soybean meal lacks upward momentum.
Today, the spot price of domestic soybean meal mostly continues to fall. The price of 43% protein in Qingdao is 3630 yuan/ton, down by 20 yuan/ton compared with yesterday. Rizhao: The distribution price of 43% protein traders is 3560 yuan/ton, down by 30 yuan/ton compared with yesterday. 43% protein traders in Nantong quoted 3520 yuan/ton, up from yesterday 10 yuan/ton. 43% protein in Zhanjiang, Guangdong reported 3530 yuan/ton, up 10 yuan/ton from yesterday. 43% protein traders in Qinzhou, Guangxi offered 3540 yuan/ton, up by 20 yuan/ton from yesterday.
In the later period, we will continue to pay attention to the number of American beans arriving in Hong Kong, the operating rate of oil plants and the inventory of soybean meal.