1.Price Trend

According to the monitoring of SunSirs, at the end of October, the price of rapeseed remained firm, the price of rapeseed meal fell sharply, and the price of rapeseed was slightly revised back, showing different performances and ups and downs. On November 29, the average price of domestic rapeseed was RMB 4855 yuan / ton, with a slight increase of 0.1%. The average price of rapeseed meal in East China was RMB 2310 yuan / ton, down 2.26% from the previous day. The average price of rapeseed oil was RMB 7640 yuan / ton, down 0.2%.

2.Cause analysis

Rapeseed: in terms of domestic rapeseed, on the 29th, the price of domestic rapeseed in Yancheng District, Jiangsu Province was about RMB 2.45 yuan / Jin, that in Hubei Province was about RMB 2.5 yuan / Jin, and that in Anhui Province was about RMB 2.38 yuan / Jin. The supply of domestic rapeseed was tight, the manufacturers were confident in the firm price, and the price remained firm. In terms of imported rapeseed, according to the shipping schedule statistics, the arrival volume of imported rapeseed in October is still at a high level, which to some extent suppresses the space for the price of rapeseed to rise.

Rapeseed meal: on the 29th, the price of rapeseed meal in Jiangsu Province was RMB 2320 yuan / ton, down RMB 40 yuan / ton. The price of rapeseed meal in Anhui Province was RMB 2300 yuan / ton, and the price dropped RMB 50 yuan / ton. The price of rapeseed meal in Zhangjiagang was RMB 2310 yuan / ton, and the price dropped RMB 50 yuan / ton. With the end of rapeseed meal terminal aquaculture, the demand continues to be low, and the prices of substitutes such as soybean meal and DDGS have fallen sharply, the market of raw rapeseed has not stopped the market decline of rapeseed meal, and the market of rapeseed meal continues to be weak.

Canola oil: on the 29th, the price of canola oil in Sichuan was RMB 7800 yuan / ton, and that in Guangdong, Guangdong and Guangdong was RMB 7500-7600 yuan / ton. On the 25th, the rise of Mapan palm oil was good for the domestic oil market, and the price of canola oil followed the rise. At the beginning of this week, all the positive factors came out, and the price of rapeseed oil gradually showed a correction, and the price fell slightly, still at a high level.

3.Future Market Forecast

SunSirs analysts of the rapeseed industry chain believe that: aquaculture has entered the off-season of consumption, the terminal demand is low, the price of rapeseed meal has limited space to rise after the market, and raw rapeseed is not driven by the increase of rapeseed meal, which is mainly stable in the middle and down. Rapeseed oil is in the peak season of consumption, and the price may rise steadily in the future.

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