BEIJING (Dow Jones)--Soybean prices in China's major producing areas were mostly flat in the week to Friday, with analysts forecasting pressure to the downside as favorable weather in the United States suggests cheaper imports ahead. Soybean prices in Jiamusi city in Heilongjiang, a major producing province, were around CNY3,560 a metric ton, flat from a week earlier. In Suihua, in the same province, they were around CNY3,580/ton, also unchanged from last week. "Soybean prices are not changing much because demand is fairly stable, but cash prices have limited upside," said Wang Xiaoguang of Galaxy Futures. Prices are expected to come under more pressure as a global rally on commodities bourses appears to have been bogged down by bearish investor sentiment over the macroeconomic outlook, Wang said. Reports of favorable weather conditions in the United States also portend soybean supply pressures, as cheaper imports threaten to erode domestic prices. Soybean sales from state reserves have been slow, and the government is considering provision of a CNY200/ton subsidy to soybean crushers to encourage sales. Soyoil and soymeal prices were flat to slightly lower this week. First-grade soyoil prices in Dongguan in Guangdong province were around CNY7,600/ton, unchanged from a week earlier. In Rizhao in Shandong province they were around CNY7,300/ton, down from around CNY7,550/ton. Soyoil and soymeal prices face more downside as expectations mount that soybean imports will increase, Wang said. Soymeal prices in Dongguan were around CNY3,450/ton, down from CNY3,530/ton a week earlier; in Rizhao they were around CNY3,400/ton, edging lower from CNY3,450/ton.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
29150.00 | + 700 | 29160.00 | + 660 |
ПФО |
27950.00 | + 300 | 28050.00 | + 50 |
СКФО |
28700.00 | + 500 | 28950.00 | - 50 |
ЮФО |
28150.00 | - 200 | 28950.00 | - 50 |
СФО |
28400.00 | - 100 | 28300.00 | - 200 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
71000.00 | + 850 | 73250.00 | + 1380 |
ЮФО |
69800.00 | + 200 | 74000.00 | + 3500 |
ПФО |
71000.00 | + 1450 | 73000.00 | + 2950 |
СФО |
72000.00 | + 1800 | 75000.00 | + 4500 |
Обсуждение