# SunSirs: Positive Support, China Soybean Meal Market Oscillates and Rises

> SunSirs reports China's average soybean meal spot price rose about 1.3% between November 22 and November 27 to around 3,022 yuan per ton. Chinese soybean oil plants began shutdown plans and meal inventories fell to about 700,000 tons.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/27473-sunsirs-positive-support-china-soybean-meal-market-oscillates-and-rises
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter domestic meal stocks and falling crush support Chinese meal prices, which can lift import demand for South American and US meal.

## Read by commodity

- SBM: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-21582.html

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