The producer’s price dropped RMB100/MT in Harbin and RMB400/MT in Jiangsu for Grade One soyoil on May 12 from a week ago, falling to RMB12,000/MT and RMB11,200/MT respectively. Grade Four soyoil price went down RMB300/MT in Dalian and Shandong to a level of RMB11,900/MT and RMB10,950/MT respectively in the meantime, but Guangdong’s price was flat at RMB10,600/MT.
Soymeal price picked up RMB200/MT in Harbin, RMB120/MT in Dalian, RMB180/MT in Qinhuangdao, RMB120/MT in Shandong, RMB150/MT in Jiangsu and RMB100/MT in Guangdong, reaching a level of RMB3,900/MT, RMB3,820/MT, RMB3,780/MT, RMB3,740/MT, RMB3,750/MT and RMB3,750/MT respectively.
Crushers suffered a loss of RMB154/MT in processing domestic soybeans and RMB73/MT in processing imported soybeans last week.
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