Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of rapeseed meal on May 22 was 3,286 RMB/ton, and on May 26, the average market price of rapeseed meal was 3,285 RMB/ton, with a decrease of 0.05% during the period.

Analysis review

This week, rapeseed meal rose first and then fell. In terms of supply, domestic new rapeseed had gradually been launched since May, coupled with sufficient supply of imported rapeseed. In April, imported rapeseed increased year-on-year, and the operating rate of oil plants remained high, resulting in loose supply of rapeseed meal. In terms of demand, the weather was warming up, aquaculture was entering the peak season, feed companies were actively stocking, and the demand for rapeseed meal was gradually increasing; And the price difference of soybean and rapeseed meal was relatively high, and the cost-effectiveness of rapeseed meal was advantageous, supporting the rise in rapeseed meal prices. Due to the influx of soybeans into oil factories in mid to early May, the weak soybean meal quotation hindered the rise of rapeseed meal and led to a decrease in prices.

In terms of soybean meal: According to the monitoring of the commodity market analysis system of SunSirs, the average market price of soybean meal on May 22 was 4,246 RMB/ton, and on May 26, the average market price of soybean meal was 3,998 RMB/ton, with a decrease of 5.84% during the period. The downward trend of soybean meal market this week had dragged down the downward trend of rapeseed meal market.

Market outlook

Imported rapeseed was sufficient and supply of rapeseed meal increased; the weather was warming up, aquaculture was in peak season, and demand for rapeseed meal was promising; Recently, the soybean meal market was weakened, limiting the upward momentum of rapeseed meal. It is expected that rapeseed meal will be mainly adjusted in shock.

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