Futures market survey: 60 pct expect range trading of Dalian soy meal on Wed.
BEIJING, Dec 11, 2012 (Xinhua via COMTEX) --
About 60 percent of futures
experts surveyed by the China Finance Corporation expect range-bound
trading of soy meal futures traded on the Dalian Commodity Exchange
Wednesday, while 40 percent are bullish about the commodity.
Futures experts here include futures brokers, research
institutions and other market observers.
The futures brokers that are bullish about Dalian soy meal
include Zhongzhou Futures Co. and Shanghai CIFCO Futures Co.
The futures brokers that expect range trading of Dalian soy
meal include Tianqi Futures Co., Dongwu Futures Co., and Brilliant
Dalian soy meal contract for May 2013 delivery opened 5 yuan
lower at 3,405 yuan/tonne Wednesday. (Edited by Shi Chunjiao,
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