Soybean crushers quoted a price of RMB10,000/MT in Harbin for Grade One soyoil on August 13

By CnAgri2012-08-15 13:09:16 Print

Soybean crushers quoted a price of RMB10,000/MT in Harbin and RMB9,750/MT in Jiangsu for Grade One soyoil on August 13, up RMB200/MT and RMB150/MT respectively over the week before.

Grade Four soyoil was quoted RMB9,550/MT in Shandong, RMB9,550/MT in Jiangsu, RMB9,350/MT in Dalian and RMB9,450/MT in Guangdong in the meantime, up RMB150/MT, RMB150/MT, RMB100/MT and RMB150/MT respectively.

Soymeal price was flat at RMB3,900/MT in Harbin, RMB4,280/MT in Dalian and RMB4,230/MT in Qinhuangdao on August 13 against the week before. In the meantime, soymeal price recorded RMB4,350/MT in Shandong, RMB4,350/MT in Jiangsu and RMB4,370/MT in Guangdong, up RMB50/MT, up RMB50/MT but down RMB60/MT respectively.

Crushing generated a profit of RMB203/MT for mills processing domestic soybeans and RMB184/MT for mills processing imported soybeans last week.

From "China Oil and Oilseeds Market Weekly Report"