According to the Commodity Market Analysis System of SunSirs, since September 11th, positive factors have been realized, and the soybean oil palm oil market has declined weakly. On September 11th, the average price of soybean oil market was 8,800 RMB/ton. On September 20th, the average price of soybean oil market was 8,500 RMB/ton, with a price drop of 3.41%. On September 11th, the average price of palm oil in the market was 7,728 RMB/ton. On September 20th, the average price of palm oil in the market was 7,350 RMB/ton, a decrease of 4.89%.

Since September 11th, Malaysian palm oil in the external market has been in an increasing production cycle, with loose supply and poor futures performance. The bullish news on the US bean market was digested by the market, causing a oscillatory decline. The spot market for soybean oil and palm oil also fell with the market. The demand for concentrated consumption of terminal oils is average, with bearish factors leading the way. The market for soybean oil palm oil has declined one after another, and soybean oil has fallen to.

SunSirs agricultural product analyst believes that as the Double Festival approaches, soybean oil factories will gradually shut down. In the future, soybean oil palm oil may hit a bottom and rebound, ushering in an upward trend.

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