According to the monitoring of SunSirs, the average market price of rapeseed meal was 3,366 RMB/ton on January 9 and 3,383 RMB/ton on January 13, with an increase of 0.42% during the period, down 5.06% from December 1.

The spot price of rapeseed meal fell first and then rose last week. At the beginning of November, the import of rapeseed increased significantly, the oil plant started up sharply, and the supply of rapeseed meal was expected to increase. According to statistics, China's rapeseed import volume in November 2022 was 476,700 tons, with a year-on-year increase of 517.09% and 183.21%. It is estimated that 650,000 tons of rapeseed will arrive at the port in December 2022, and about 715,000 tons of rapeseed will arrive at the port in January 2023. With the Spring Festival approaching, the market stock demand is coming to an end. Last week, Zhengzhou rapeseed meal futures rose, and the spot price of rapeseed meal rose. The oil price is weak, and the market is in a strong mood.

On January 13, the main force of rapeseed meal futures in Zhengzhou Commodity Exchange (CZCE) was RM2305 contract, with an opening of 3,215 RMB/ton, a closing of 3,238 RMB/ton, an increase of 42 RMB/ton, a maximum of 3,255 RMB/ton, a minimum of 3,203 RMB/ton, a closing of 3,196 RMB/ton yesterday, a settlement of 3,224 RMB/ton, a trading volume of 450,003 hands, and a position of 546,647 hands.

In terms of soybean meal: according to the monitoring of the business society, the average market price of soybean meal was 4,558 RMB/ton on January 9 and 4,606 RMB/ton on January 13, with a rise of 1.05% during the period. The price of soybean meal rose last week, supporting the increase of rapeseed meal market.

A large number of imported rapeseed arrived in Hong Kong, and the supply of rapeseed meal was sufficient. The preparation of rapeseed meal before the holiday came to an end. It is expected that the price of rapeseed meal is mainly weak in China, and the upward space is limited.

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