Commodity News
SunSirs: Soybean Oil and Palm Oil Continues to Fall Sharply on November 9
November 10 2021 08:37:37 SunSirs (Linda)
On November 9, the price of soybean oil palm oil continued to fall. Soybean oil had fallen to 9,700 yuan/ton, and the price dropped by about 200 yuan/ton. The palm oil price fell to 9,600 yuan/ton, and the price dropped again by 200 yuan/ton. Soy oil palm oil prices have risen too much in the previous period, market rumors about soy oil dumping, coupled with the poor external oil market, soy oil palm oil began to dive high, because of the low inventory, it is expected that there is still room for price increases in the market outlook.
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Related Information
- 2024-04-18 SunSirs: Daily Report of China Commodity Data (April 18, 2024)
- 2024-04-18 SunSirs: Multiple Bearish Factors Intertwined, China Palm Oil Market is Oscillating and Falling
- 2024-04-12 SunSirs: Good News, China Palm Oil is Expected to Rise
- 2024-04-10 SunSirs: China Soybean Oil Market and Palm Oil Market Declined after the Qingming Festival
- 2024-03-25 SunSirs: Futures Market Boosting, China Soybean Oil and Palm Oil Market are Rising
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