# SunSirs: The Benefit is still in the aftermarket of China Soybean Meal, and the Rise is Expected

> China's average soybean meal price rose from 4,046 RMB per ton on July 20 to 4,222 RMB per ton on August 3, a gain of 4.35%. The increase reflected lower imported soybean arrivals in Hong Kong, reduced crushing, and strong feed demand as hog prices rose.

- Date: 2022-08-04 · published 2022-08-04T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/40114-sunsirs-the-benefit-is-still-in-the-aftermarket-of-china-soybean-meal-and-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reduced crush and strong feed demand tighten domestic meal supplies and support import demand. Analysts expect the upward trend to continue.

## Read by commodity

- SBM: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-8154.html

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