Commodity News
SunSirs: Soybean Oil and Palm Oil Prices Fell Sharply on March 14
March 15 2022 10:38:00 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, on March 14, the soybean oil and palm oil market fell sharply.
Analysis review
The soybean oil and palm oil market has been rising sharply in the early stage, and it was in the ceiling market. With the continuous auction of rapeseed oil and soybean oil from the State Reserve, and the weakening of terminal demand, the soybean oil and palm oil market began to plunge. Palm oil fell by more than 5% in a single day, and soybean oil fell by more than 1%.
Market outlook
TThe price of soybean oil and palm oil is expected to remain high in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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
- 2024-04-18 SunSirs: China Soybean Oil Market is constantly Falling, What will Happen in the Future?
- 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
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