The producer’s soyoil price was flat at RMB7,300/MT in Harbin on Feb. 16, but dropped RMB50/MT in Jiangsu to a level of RMB7,100/MT, compared with the week before.
Grade Four soyoil was quoted RMB6,800/MT in Dalian and RMB6,500/MT in Guangdong on Feb. 16, parallel to the week before. But Grade Four soyoil price dropped to RMB6,700/MT in Shandong, down RMB100/MT from the week before.
Soymeal price went down to RMB3,250/MT in Harbin, RMB3,210/MT in Dalian, RMB3,180/MT in Qinhuangdao, RMB3,120/MT in Shandong, RMB3,200/MT in Jiangsu and RMB3,170/MT in Guangdong on Feb. 16, down RMB50/MT, RMB120/MT, RMB180/MT, RMB200/MT, RMB180/MT and RMB110/MT respectively from the week before.
The crush margin was RMB158/MT last week for mills processing imported soybeans and RMB51/MT for mills processing domestic soybeans.
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