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Futures market survey: 50 pct expect range-trading of Dalian soy meal on Mon.
BEIJING, Jan 27, 2013 (Xinhua via COMTEX) --
About 50 percent of futures
experts surveyed by the China Finance Corporation, a financial
information provider owned by Xinhua News Agency, expect
range-trading of soybean meal futures traded on the Dalian Commodity
Exchange Monday, while 33 percent are bearish and the rest 17 percent
are bullish about the commodity.
Futures experts here include futures brokers, research
institutions and other market observers.
The futures brokers that are bearish about Dalian soy meal
include Zhongzhou Futures and Galaxy Futures.
The futures brokers that expect range-trading of Dalian soy
meal include Jintai Futures, Desheng Futues and Zhonggang Futures.
The futures brokers that are bullish about Dalian soy meal
include Hehe Futures.
Dalian soy meal contract for delivery in May opened 21 yuan
higher at 3,407 yuan/tonne Monday.
(Edited by Liu Xiaoyun, liuxy08@xinhua.org)
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