SunSirs: Weak Demand, China Domestic Soybeans Market was Stable
July 17 2023 09:56:01 SunSirs (Selena)
According to monitoring data from SunSirs, the overall domestic soybean market has been running smoothly since July. On July 1st, the average market price of domestic soybeans was 5,312 RMB/ton. On July 13th, the average market price of domestic soybeans was 5,324 RMB/ton, with a price increase of 0.23%.
Starting from July, the supply of domestic soybeans in the new season is average, with hot weather and flat demand for soybean products. The supply and demand are weak, and traders are mainly pushing prices. The domestic soybean market is running smoothly, with mainstream prices ranging from 2.65 to 2.68 RMB/500g, and the price increase is relatively small. The market transaction is fair, the stock is average, and the market is firm.
SunSirs agricultural product analyst believes that terminal demand is weak and the domestic soybean market is weak in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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