# SunSirs: Inventory Pressure Doubles, China's Soybean Meal Market Continues to Bottom out in June

> SunSirs reports China's soybean meal average price fell to 3,400 yuan/ton as of June 23, down 5.36% from early June. Weak terminal pig demand and soybean oil plant maintenance shutdowns drove the decline after a brief early-June rally.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/46668-sunsirs-inventory-pressure-doubles-china-s-soybean-meal-market-continues-to
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker Chinese meal prices and sluggish hog-driven demand point to softer global meal import demand and lower meal prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-5149.html

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