The producer’s soyoil price was RMB7,600/MT in Harbin and RMB7,250/MT in Jiangsu for Grade One soyoil and RMB7,150/MT in Dalian, RMB6,900/MT in Shandong and RMB6,600/MT in Guangdong for Grade Four soyoil on Dec. 1, up RMB200/MT, RMB200/MT, RMB50/MT, RMB250/MT and RMB200/MT respectively over the week before.
In the meantime, soymeal price dropped RMB50/MT in Dalian, RMB120/MT in Qinhuangdao, RMB20/MT in Jiangsu and RMB50/MT in Guangdong, falling to a level of RMB3,050/MT, RMB3,080/MT, RMB3,080/MT and RMB3,000/MT respectively. Harbin’s price was flat at RMB3,150/MT. Shandong’s price gained RMB20/MT, reaching a level of RMB3,120/MT.
Crushers enjoyed a profit of RMB142/MT from processing imported soybeans but those processing domestic soybeans suffered a loss of RMB10/MT.
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