China soybean imports drop 6.2% y/d, potential short-term recovery ahead
On 26 September, soymeal prices in China surged 8% to CNY 5,500 (USD 739) per tonne compared to Monday last week. Following a jump in demand ahead of China’s national day on 1 October some crushers have had to stop production due to a shortage of soybeans. This could signal a recovery in imports after months of lacklustre demand and high soybean prices which have caused a 6.2% y/y drop in soybean imports so far in 2022.
MEMBER SECTION
If you are a member, please login using the orange button at the top of the page to view the full article, or register.
If you are unsure of your membership, or wish to become a member, please contact membership@bimco.org.
Feedback or a question about this information?
Posted:
29 September 2022
BIMCO's Shipping number of the week
- Strong dry bulk market fuels 42% drop in ship recycling
- Chinese seaborne dry bulk imports up 6% despite economic challenges
- Coal shipments to India jump 10%, but growth could slow
- Container ship contracting spree now exceeds 10 million TEU
- Product tanker contracting hits 18-year high after 17% rise y/y
ELSEWHERE ON BIMCO
Contracts & Clauses
All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.
Learn about your cargo
For general guidance and information on cargo-related queries.
BIMCO Publications
Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.
