1.Price Trend

　　According to the monitoring of SunSirs, the average price of Grade IV rapeseed oil was 7625 yuan/ton at the beginning of this week, while that of Grade IV rapeseed oil at the end of the week was RMB 7560/ton, down 0.85%.

　　2.Cause analysis

　　The price of grade IV rapeseed oil in Guangdong is RMB 7550-7560/ton, and that of grade IV rapeseed oil in Sichuan is RMB 7830/ton. This week, rapeseed oil prices have fallen sharply, the Mid-Autumn Festival and National Day standby period are coming to an end, and market demand is weakening. Affected by Sino-Canadian relations, China imported 975,800 tons of rapeseed from March to July, compared with 195,000 tons imported in the same period last year, suggesting a decline in the amount of imported rapeseed oil.

　　As for domestic rapeseed, the quotation of rapeseed for individual trade is basically stable. Winter rapeseed appeared on the market at the end of May. With the consumption of time, the number of rapeseed decreased, and TRADERS'price mentality was strong. Spring rapeseed began to be listed sporadically in September. Import of rapeseed: Affected by Sino-Canadian relations, Canadian rapeseed is limited. On September 2, the General Administration of Customs allowed the import of Russian soybean meal and rapeseed meal, or will ease the domestic rapeseed market.

　　3.Future Market Forecast

　　Under the influence of Sino-Canadian relations, rapeseed oil analysts of SunSirs expect that the decline of rapeseed oil is limited.

　　If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.