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Strong international soybean prices alongside relatively weak domestic soymeal prices since mid-2021 have pressured crushing margins in China, and most crushers faced hefty losses late in the year. Margins have recovered to positive territory this year, but remain well below the long-term average, stifling crusher appetite for soybeans.
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Asia. China''s soymeal prices rallied to a record high on Thursday even as the government plans to release soybeans from reserves amid worries over tight supplies in the market, reported Reuters. China''s soymeal futures prices on the Dalian Commodity Exchange rose 5% to hit 4,064 yuan ($643.13) per tonne, up 12% since the Lunar New Year holiday.
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China''s sow herd was 43.29 million head by end of December 2021, down 2.9% from the previous quarter, according to official data. "It is too much. Soymeal prices rose more than 500 yuan per tonnes
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Asia. China''s soymeal prices rallied to a record high on Thursday even as the government plans to release soybeans from reserves amid worries over tight supplies in the market, reported Reuters. China''s soymeal futures prices on the Dalian Commodity Exchange rose 5% to hit 4,064 yuan ($643.13) per tonne, up 12% since the Lunar New Year holiday.
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Operational rates of oil plants in East China, the region with the highest crushing capacity, dropped to only 40% last week and are expected at 45-50% in the next few weeks, according to industry sources. “(Lower production) would support high prices for soyoil and soymeal.
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Asia. China''s soymeal prices rallied to a record high on Thursday even as the government plans to release soybeans from reserves amid worries over tight supplies in the market, reported Reuters. China''s soymeal futures prices on the Dalian Commodity Exchange rose 5% to hit 4,064 yuan ($643.13) per tonne, up 12% since the Lunar New Year holiday.
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Operational rates of oil plants in East China, the region with the highest crushing capacity, dropped to only 40% last week and are expected at 45-50% in the next few weeks, according to industry sources. “(Lower production) would support high prices for soyoil and soymeal.
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Mobile Impact Crushing Plant [ Capacity ]: 10-180 t/h [ Applicable Material ]: The mobile crushing plant is designed for road transportation, especially for driving to crushing sites that are difficult to access, which greatly reduce installation time compared with the stationary one.:::Jaw Crusher, Cone Crusher, Impact Crusher manufacturer / supplier in China, offering Competitive […]
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