Core Insights - The domestic soybean meal market is experiencing a stabilization in prices, with the spot price on June 3 reported at 2929.14 CNY/ton, slightly lower than the futures price of 2935.00 CNY/ton, indicating a discount of 5.86 CNY/ton [1] - The futures market for soybean meal saw a closing price of 2935.00 CNY/ton on June 3, reflecting a decline of 1.05%, with a trading volume of 1,140,522 contracts [2] - The inventory days for domestic feed enterprises have increased to 5.99 days, up by 0.25 days (4.23%) compared to the previous week, but down 12.19% year-on-year [2] Market Analysis - According to Guotou Anxin Futures research, the soybean meal market is facing pressure due to increased supply from accelerated imports of soybeans and higher operating rates at oil mills, leading to a gradual rise in soybean meal inventory [4] - The demand side remains cautious, with purchases primarily driven by essential needs, resulting in a weak basis for spot prices and a lack of upward momentum in soybean meal prices [4] - The market outlook suggests continued fluctuations in soybean meal prices, with potential downward trends unless driven by significant changes in demand or weather conditions [4]
豆粕缺乏持续上涨驱动 价格或继续震荡下行
Jin Tou Wang·2025-06-03 11:47