BEIJING (Dow Jones)--China's government sold more soybeans than last week during its weekly auctions Wednesday, as higher futures prices made the auction base price attractive. The government sold 15,000 metric tons of soybeans from its reserves, or 3.0% of the 501,500 tons it planned to sell, and three times the 4,900 tons it sold a week earlier. The average price was CNY3,787/ton, higher than last week's CNY3,752/ton. Rising futures prices, supported by flush liquidity, made it possible for the government to sell its soybeans at prices from the base price of CNY3,750/ton, which is higher than prices prevailing in the market. Cash soybean prices in Heilongjiang province ranged from CNY3,400-CNY3,640/ton Wednesday. "If futures prices continue to rise, the volume sold during the auctions could be higher," said Li Dongji, an analyst with Guotai Jun'an Futures Brokerage. The benchmark May 2010 soybean contract traded on Dalian Commodity Exchange settled 2% higher at CNY3,846/ton Wednesday, after trading between CNY3,798-CNY3,882/ton. The government's base auction price could be a bottom for futures prices, while supply pressure will prevent prices from rising too much if they break through the CNY3,750/ton, said Huang Xiao, a manager at Capital Futures. -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com
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