# SunSirs: The Demand Increased, China Soybean Meal Market Rose in August

> China's average soybean meal price rose from 4,248 RMB per ton on August 1 to 4,534 RMB per ton on August 23, a gain of 6.73%. The increase followed lower arrivals of imported soybeans, plant maintenance shutdowns and firm feed demand, with inventories falling to 730,000 tons.

- Date: 2022-08-24 · published 2022-08-24T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/40104-sunsirs-the-demand-increased-china-soybean-meal-market-rose-in-august
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter meal stocks and steady feed buying in China support import demand and firm global meal prices. Sluggish terminal demand limits further upside.

## Read by commodity

- SBM: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-8380.html

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