Purchasing Prices of Soybean in Some Northeast China Areas on Nov 4
Date:07 November 2016
Today the purchasing and outbound sale prices of the soybean record no significant adjustments in the producing areas in Northeast China, the purchasing prices of clean grain are concentrated from RMB 3,500 to 3,600 / tonne with the FOB prices from RMB 3,700 to 3,800 / tonne, and the transactions are flat. The purchasing prices at grain depots remain unchanged from the last week. The outbound sales of the soybean from Northeast China are not satisfactory, as the poor quality causes the bean products factories to reduce the processing amounts in the sales areas, and on the other hand the tight transportation has delayed the outbound sales. The unsmooth outbound sales of the soybean in the provinces have made the grain dealers less active in purchasing, and some grain dealers have slowed down the purchasing and mainly consumed the inventories, leading to the continuously sluggish market trading.
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