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SunSirs: In November, China's Rapeseed is Dominated by High-Level Operations

December 02 2020 09:15:07     SunSirs (Linda)

1. Rapeseed market price trend

According to the monitoring of SunSirs, the average price of rapeseed at the beginning of this month was 6115 yuan/ton, and the average price at the end of the month was 6270 yuan/ton. The quotation increased 2.53%.

2. Market Analysis

The price of Hubei area is about 3.3 yuan/kg; the price of Xinjiang area is about 2.8 yuan/kg; the price of domestic net rapeseed in Inner Mongolia is about 2.65 yuan/kg; the price of domestic net rapeseed in Yunnan is about 3.15 yuan/kg; the price of Anhui area is about 3.03 yuan/kg It is around RMB 2.95/kg in Jiangsu; RMB 3.5/kg in Sichuan. The volume of domestic rapeseed market has been declining, traders can sell the goods, and domestic rapeseed has been operating at high prices, and the recent stable operation will be the main focus.

In terms of imported rapeseed, customs data show that China's rapeseed imports in October were 263,615.21 tons, down 2.47% from the previous month and an increase of 101.31% year-on-year. China imported 194,107.06 tons of rapeseed from Canada in October, a decrease of 24.69% from the previous month and a year-on-year increase of 201.05%.

According to SunSirs monitoring, the average price of rapeseed oil at the beginning of this month was 10197 yuan/ton, and the average price at the end of this month was 10315 yuan/ton, an increase of 1.15%; the average price of rapeseed meal in East China at the beginning of this month was 2430 yuan/ton, and the average price at the end of this month was 2476 yuan/ton, up 1.92%.

3. Outlook

The domestic rapeseed market is tight, and SunSirs rapeseed analysts predict that domestic rapeseed prices may be high.

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

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