BEIJING (Dow Jones)--Soybean prices in China's major producing areas rose in the week to Friday, along with a rise in the futures market. Soybean prices in Harbin city in Heilongjiang, a key growing province, were around CNY3,600 a metric ton, compared with CNY3,560 a week earlier. In Jiamusi, also in Heilongjiang province, prices were at CNY3,520/ton, up from CNY3,500 last week. The government offered to sell 500,000 tons of soybeans from its reserves Thursday, and domestic futures prices rose ahead of the auction in the expectation it would fail as the base price was set much higher than market prices. The government did fail to sell any of its soybeans on Thursday, which caused market speculation the government may provide subsidies to soybean processors in order to release its reserves. Some traders set up long positions expecting cash supply to remain tight for a while amid policy uncertainty, said a local analyst. Soyoil prices were slightly higher, but trading was very light. First-grade soyoil prices in Dongguan in Guangdong province were CNY7,000-CNY7,050/ton compared with CNY6,800/ton a week ago. In Rizhao in Shandong province, they were around CNY7,000/ton, up from CNY6,750/ton. Soymeal prices were slightly higher on stronger U.S. soymeal futures prices. In Dongguan, soymeal was around CNY3,350/ton, up from CNY3,300/ton a week ago. In Rizhao, it was around CNY3,300/ton versus CNY3,250/ton. However, weak domestic demand won't push prices much higher, said analysts. -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
33000.00 | + 100 | 34000.00 | + 800 |
ПФО |
32500.00 | + 500 | 33000.00 | + 500 |
СКФО |
37000.00 | + 4000 | 38000.00 | + 4500 |
ЮФО |
36000.00 | + 3000 | 37000.00 | + 3500 |
СФО |
35000.00 | + 2000 | 37000.00 | + 3000 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
76000.00 | + 2000 | 85000.00 | + 10500 |
ЮФО |
76000.00 | + 3000 | 77500.00 | + 2500 |
ПФО |
76000.00 | + 2500 | 77500.00 | + 2500 |
СФО |
77000.00 | + 3000 | 78000.00 | + 2000 |
Обсуждение