The producer’s price of Grade One soyoil dropped RMB100/MT in Harbin and Jiangsu on Nov. 17 from the week before to a level of RMB7,800/MT and RMB7,300/MT respectively.
Grade Four soyoil was quoted RMB7,300/MT in Dalian, RMB7,000/MT in Shandong and RMB6,500/MT in Guangdong by crushers on Nov. 17, down RMB100/MT, RMB250/MT and RMB200/MT respectively from the week before.
Soymeal price registered RMB3,200/MT in Harbin, RMB3,240/MT in Dalian, RMB3,300/MT in Qinhuangdao, RMB3,330/MT in Shandong, RMB3,250/MT in Jiangsu and RMB3,250/MT in Guangdong on Nov. 17, down RMB150/MT, RMB120/MT, RMB80/MT, RMB70/MT, RMB70/MT and RMB30/MT respectively from the week before.
Crushers earned a profit of RMB146/MT from processing imported soybeans but suffered a loss of RMB57/MT from domestic soybeans.
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