# SunSirs: Negative Sentiment still Exists, China Soybean Meal Market Continues to be Sluggish

> China's average soybean meal price fell from 3,020 RMB per ton on August 1 to 2,948 RMB on August 9, a decline of 2.38%. SunSirs attributed the weak rebound to loose supply, sluggish feed demand and doubled inventory pressure.

- Date: 2024-08-12 · published 2024-08-12T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/12644-sunsirs-negative-sentiment-still-exists-china-soybean-meal-market-continues-to
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak terminal feed demand and high inventories keep Chinese meal prices under pressure, reducing import demand for soybean meal and soybeans.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19477.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.