On Nov. 10, crushers’ quotation of soyoil of Grade One was flat at RMB7,800/MT in Harbin but rose RMB300/MT in Jiangsu to a level of RMB7,400/MT, compared with the week before.
Grade Four soyoil was quoted RMB7,300/MT in Dalian, RMB7,100/MT in Shandong and RMB6,700/MT in Guangdong in the meantime, up RMB100/MT, RMB300/MT and RMB500/MT respectively.
The producer’s soymeal price registered RMB3,350/MT in Harbin, RMB3,360/MT in Dalian, RMB3,380/MT in Qinhuangdao and RMB3,350/MT in Guangdong on Nov. 10, down RMB120/MT, down RMB60/MT, down RMB40/MT but up RMB100/MT respectively against the week before. Shandong and Jiangsu witnessed flat prices of RMB3,350/MT and RMB3,320/MT respectively.
Crushers gained a profit of RMB20/MT from processing domestic soybeans and RMB263/MT from processing imported soybeans last week, both slightly more than the week before.
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