# SunSirs: China Downstream Enterprises' Enthusiasm for Soybean meal Stocking may Increase in August

> Chinese downstream firms may increase soybean meal stocking in August after prices fell by 350-400 RMB/ton spot and nearly 500 RMB/ton futures since June. Inventory is about 1.3 million tonnes against monthly demand near 6 million tonnes, and reduced South American imports from September could tighten supply.

- Date: 2024-07-25 · published 2024-07-25T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/29241-sunsirs-china-downstream-enterprises-enthusiasm-for-soybean-meal-stocking-may
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected restocking and reduced import arrivals could firm Chinese soybean meal prices, though the bullish case depends on tighter supply later in the year.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19152.html

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