1.Price Trend According to the monitoring of SunSirs, the average price of Grade IV rapeseed oil at the beginning of this week was RMB 7,587 yuan/ton, while that of Grade IV rapeseed oil at the weekend was RMB 7,442 yuan/ton, down 1.91%. 2.Cause analysis Rapeseed oil continued to fall this week. On September 27, the price of grade IV rapeseed oil in Guangxi was RMB 7300 yuan/ton, that of grade IV rapeseed oil in Sichuan was RMB 7520 yuan/ton, and that of grade IV rapeseed oil in Jiangsu was RMB 7280 yuan/ton. With the National Day approaching, the demand of oil market is limited, and the price of rapeseed oil is under pressure. As for domestic rapeseed, the price of domestic rapeseed in Yancheng, Jiangsu Province is about RMB 2.38 yuan/kg, that in Hubei Province is about RMB 2.45 yuan/kg, and that in Anhui Province is about RMB 2.35 yuan/kg. The price of domestic rapeseed has risen slightly, and the yield of rapeseed in Inner Mongolia has decreased, and the market volume has increased. Imports of rapeseed, affected by the tension between China and Canada, are limited. From January to July 2019, China imported 1.88 million tons of rapeseed, compared with 2.5 million tons in the same period last year, a 24.8% decrease over the same period last year. 3.Future Market Forecast Near the festival, the market demand for rapeseed oil is limited, but the import of rapeseed is hindered. Rapeseed oil analysts of SunSirs predict that rapeseed oil has limited space to decline. If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.