SunSirs: Positive Support, China Soybean Meal Market Continues to Rise

According to the commodity analysis system of SunSirs, after the Qingming Festival, due to the impact of tariff policies, the supply of raw materials has become tight, and the soybean meal market has seen an increase, with prices continuing to rise. On April 7th, the average market price of soybean meal was 3,118 RMB/ton, and on April 24th, the average market price of soybean meal was 3,596 RMB/ton, with a price increase of 15.35%.

During the Qingming Festival, due to the impact of US tariff policies, the imported soybean market for raw materials is expected to rise, and the domestic soybean meal futures market is expected to rise. Soybean oil factories have raised the ex factory price of soybean meal one after another, and downstream feed factories have gradually replenished their stocks. The spot trading of soybean meal has improved. After the holiday, the opening price of soybean meal rose sharply, with a sustained high of 3,300 RMB/ton this week, and the price continued to rise, with an increase of over 6%.

After mid month, due to the decline in the number of imported soybeans arriving at the port, some soybean oil plants stopped for maintenance and did not have any quotations. The price of soybean meal in Shandong continued to rise, reaching 3,900-4,000 RMB/ton. As of April 24th, soybean meal has risen to 3,596 RMB/ton, an increase of over 15% compared to the beginning of the month.

SunSirs soybean meal analysts believe that after May Day, the number of imported soybeans arriving at the port will increase, easing the tight supply situation, and the soybean meal market may decline in the future.

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