# SunSirs: The Bearish Sentiment still Exists, China Soybean Meal Market may Hit a New Low

> Chinese soybean meal prices fell below 3,300 yuan per ton in April, down 5.68% from April 1 to April 12, and hit a 2024 low on April 14. Imported soybean volumes in January to March were down 10.8% year on year.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/30808-sunsirs-the-bearish-sentiment-still-exists-china-soybean-meal-market-may-hit-a
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak Chinese domestic meal prices and bearish sentiment point to lower meal import demand and downward price pressure on soybean meal.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-17860.html

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