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TMCNet:  Futures market survey: 80 pct expect range-trading of Dalian soy meal on Thu.

[February 20, 2013]

Futures market survey: 80 pct expect range-trading of Dalian soy meal on Thu.

BEIJING, Feb 20, 2013 (Xinhua via COMTEX) -- About 80 percent of futures experts surveyed by the China Finance Corporation, a financial information provider owned by Xinhua News Agency, expect range-trading of soy meal futures traded on the Dalian Commodity Exchange Thursday while 20 percent are bullish about the commodity.


Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that expect range-trading of Dalian soy meal include Zhongzhou Futures, Brilliant Futures, Dayou Futures and Dongwu Futures.

The futures brokers that are bullish about Dalian soy meal include Tianqi Futures.

Dalian soy meal contract for delivery in September of 2013 opened 0.27 percent lower at 3,335 yuan/tonne Thursday.

(Edited by Liu Xiaoyun, liuxy08@xinhua.org)

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