According to the commodity market analysis system of SunSirs, after the Spring Festival, the domestic soybean market continued to decline weakly. On February 20th, the average market price of domestic soybeans was 4,746 RMB/ton, a decrease of 0.13% from before the festival and 0.71% from mid January.

Starting from mid January, the domestic soybean market continued to weaken, with a slight decline in the market. Entering February, as the Spring Festival approaches, the stock market for terminal soybean products has basically come to an end, and market purchases and sales are nearing their end. The domestic soybean market continues to remain stable, with a mainstream quotation of 2.38 RMB/500g. After the holiday, some purchasing and selling entities have not yet entered the market, and a few traders have lowered their purchase prices. The average price of domestic soybeans in the market has dropped to 2.35-2.37 RMB/500g, continuing to be slightly lowered.

SunSirs agricultural product analysts believe that it will take some time for the comprehensive recovery of domestic soybean purchases and sales after the holiday, and the domestic soybean market will continue to operate weakly and steadily.

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