On September 19th, the commercial inventory of soybean oil in China was 1.25 million tons, a decrease of 10,000 tons on a weekly basis, an increase of 50,000 tons on a monthly basis, and a year-on-year increase of 110,000 tons; 590,000 tons of rapeseed oil, a decrease of 20,000 tons on a weekly basis, a decrease of 50,000 tons on a monthly basis, and an increase of 150,000 tons year-on-year; Palm oil reached 600,000 tons, a decrease of 50,000 tons on a weekly basis, an increase of 30,000 tons on a monthly basis, and a year-on-year increase of 130,000 tons.

On September 24th, the benchmark price of soybean oil in SunSirs was 8,150.00 RMB/ton, a decrease of 3.3% compared to the beginning of this month (8428.00 RMB/ton).

On September 24th, the benchmark price of rapeseed oil in SunSirs was 10,136.67 RMB/ton, an increase of 2.39% compared to the beginning of this month (9,900.00 RMB/ton).

On September 24th, the benchmark price of palm oil in SunSirs was 8,972.00 RMB/ton, a decrease of 5.87% compared to the beginning of this month (9,532.00 RMB/ton).

Application of SunSirs Benchmark Pricing

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.