Futures market survey: 70 pct bearish about Dalian soybean meal on Fri.
BEIJING, Aug 29, 2013 (Xinhua via COMTEX) --
About 70 percent of futures experts
surveyed by the China Finance Corporation, a financial information
provider owned by Xinhua News Agency, are bearish about soybean meal
futures traded on the Dalian Commodity Exchange Friday while 30
percent expect range-trading of the commodity.
Futures experts here include futures brokers, research
institutions and other market observers.
The futures brokers that are bearish about Dalian soybean meal
include Galaxy Futures, China Futures, Zhongzhou Futures, Topwin
Futures and Sinosteel Futures.
The futures brokers that expect range-trading of Dalian soybean
meal include ITG Futures and China Investment Futures.
Dalian soybean meal contract for delivery in January of 2014
opened 0.85 pct lower at 3,599 yuan/tonne Friday.
(Edited by Liu Xiaoyun, firstname.lastname@example.org)
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