China's Imported Soybean Arrivals Hold Steady in March

China’s Imported Soybean Arrivals Hold Steady in March

Mintec Global
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Consistent Arrival Figures

China’s imported soybean arrivals in March remained stable at approximately 6.5 million tonnes, mirroring the figures from the same period last year. This steady performance underscores the resilience of China’s soybean import market despite ongoing global uncertainties.

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Second Quarter Projections

Looking ahead, projections indicate that the average monthly arrival of soybeans in the second quarter is expected to hover around 10 million tonnes. This sustained import volume reflects China’s ongoing demand for soybeans to meet various domestic needs.

Anticipated Trends

Over the next two weeks, the trajectory of imported soybean stocks is forecasted to continue declining. However, attention will be directed towards the arrival of South American soybeans in late April. With this anticipated influx, imported soybean stocks are expected to rebound, easing concerns about supply tightness.

Market Focus

Market watchers remain attentive to developments regarding the loading and arrival schedules of imported soybeans. Timely and efficient arrivals will play a crucial role in maintaining a stable supply chain and meeting China’s soybean demand in the coming months.

Current Market Price in China for new crop soybean

Product

 Chinese Soybean

Type NON-GMO
Color Yellow
Purity 99.5 % Min
NONGMO
Package 25kg  Paper Bag
Loading 22Tons / 20GP
Conv. FOB DalianUSD 780-800/Mt – EURO 723-741/Mt
Org.  FOB DalianUSD 840-870/Mt – EURO 778-806/Mt