Commodity News
SunSirs: China's Soybean Oil and Palm Oil Market Weakened on December 1
December 02 2021 08:35:58 SunSirs (Linda)
On December 1, soybean oil palm oil prices remained weak overall. The average market price of soybean oil was 9,680 yuan/ton, down 3.78% from last week; the average price of palm oil was 9,760 yuan/ton, down 2.71% from last week. The external market has weakened, and the domestic market is dominated by bearish expectations. The oil futures prices have plunged. The spot prices of soybean oil and palm oil have fallen one after another due to the suppression of the futures market. Towards the end of the year, the rigid demand for fats and oils is supported, and the soybean oil palm oil market still has room to rise in the future.
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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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