SunSirs: Rapeseed Oil Prices Fell On November 6
November 07 2019 14:10:52 SunSirs (Eva)
According to the monitoring of Sunsirs, the average price of rapeseed oil on November 6 was RMB 7822 yuan / ton, down 0.6% from the previous day.
On November 6, the price of rapeseed oil in Sichuan was RMB 7990 yuan / ton, and that in Guangdong and Guangdong was RMB 7700-7900 yuan / ton. On November 6, the price of rapeseed oil fell. On November 5, the market of rapeseed oil was affected by the rise of palm oil, and the price of oil rose collectively. The price difference of bean and vegetable is on the high side, and the market of rapeseed oil is rational. The market demand for rapeseed oil is average.
In terms of domestic rapeseed, the price of domestic rapeseed in Yancheng, Jiangsu is about RMB 2.5 yuan / Jin, that in Hubei is about RMB 2.5 yuan / Jin, and that in Anhui is about RMB 2.5 yuan / Jin. Inner Mongolia rapeseed oil 38-39% quoted price is RMB 1.9-1.95 yuan / Jin, oil 40% quoted price is RMB 2.1 yuan / Jin. This year, the emergence of winter vegetable seeds decreased, and next year's production of rapeseed is expected to decrease, which will boost the price of domestic rapeseed.
Under the influence of limited imports of rapeseed, rapeseed oil analysts of SunSirs expect that there is limited space for rapeseed oil to fall.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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