While the producer’s price of Grade One soyoil was flat at RMB7,100/MT in Harbin on March 9, the price in Jiangsu dropped RMB150/MT to a level of RMB6,600/MT. Grade Four soyoil price dropped RMB50/MT in Dalian, RMB100/MT in Shandong and RMB100/MT in Guangdong in the meantime, falling to a level of RMB6,600/MT, RMB6,350/MT and RMB6,100/MT respectively.
Soymeal price went up to RMB2,900/MT in Dalian, RMB2,900/MT in Qinhuangdao, RMB2,830/MT in Shandong, RMB2,840/MT in Jiangsu and RMB2,830/MT in Guangdong on March 9, up RMB50/MT, RMB50/MT, RMB10/MT, RMB20/MT and up RMB30/MT respectively over the week before. Soymeal price was flat at RMB3,050/MT in Harbin last week.
Soybean crushing generated a profit of RMB80/MT in mills processing imported soybeans but a loss of RMB198/MT mills processing domestic soybeans.
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