Data shows: On November 24, the national spot average price for rapeseed meal was quoted at 2,538.42 RMB/ton, representing a premium of 92.42 RMB/ton over the main futures contract price (2,446.00 RMB/ton).

Variables in rapeseed imports influence the premium trend in rapeseed meal and rapeseed oil markets. According to import data from the General Administration of Customs, diversification in rapeseed meal and rapeseed oil imports has progressed rapidly, with import volumes declining by 10-30% year-on-year. Market focus now centers on the variables surrounding rapeseed imports. Australian rapeseed shipments are imminent to China. Future customs clearance efficiency and mill processing capacity warrant close monitoring. Should these proceed smoothly, rapeseed products may see further premium erosion relative to competing commodities. Overall, the domestic rapeseed meal and oil market has shifted to a short-term wait-and-see stance, with attention focused on external disruptions from biofuel policy developments and trade relationship expectations.

As an integrated internet platform providing benchmark prices, on November 26, the benchmark price of rapeseed meal from SunSirs was 2,485.00 RMB/ton, a decrease of 0.33% compared with the beginning of the month (2,493.33 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 inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.