1. The price trend of rapeseed oil market

According to SunSirs monitoring, the average price of rapeseed oil on May 12 was 7477 yuan / ton, and the average price on May 4 was 7462 yuan / ton, down 0.2%.

2. Market analysis

The offer in Chengdu, Sichuan is 7,600 yuan / ton, the offer in Fangcheng, Guangxi is 7,250 yuan / ton, and the offer in Dongguan, Guangdong is 7,250 yuan / ton. The supply of oils and fats in the market has eased, and market demand has been light, which has depressed vegetable oil prices. The vegetable oil stocks of oil factories in Guangdong, Guangdong and Fujian are 18,000 tons, which is an increase of 0.6 million from the previous week.

According to statistics, the global output of rapeseed in 2019 was 68.24 million tons, a decrease of 4.17 million tons from the previous year, a decrease of 5.76%, which was the lowest level in nearly seven years. The supply of imported rapeseed oil was tight, supporting rapeseed oil prices.

3. Future market forecast

SunSirs rapeseed oil analysts predict that the supply of rapeseed oil is tight and the downside is limited.

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