According to dealer estimates, the import volume of soybean oil in December is estimated to be 508,000 tons, a significant increase of 37% compared to the previous month; The estimated import volume of sunflower seed oil is 350,000 tons, which has more than doubled compared to the previous period and reached its highest value in 17 months.

The article points out that the import volume of soybean oil in December reached 508,000 tons, a significant increase of 37% compared to the previous month, and the pressure on the supply side has significantly increased, which is expected to exert downward pressure on spot prices. Based on soybean oil futures data, such as the closing price of contract 2605 at 7,912 RMB/ton, the recent upward trend has been suppressed by news of a surge in imports, which may trigger a correction in futures prices, with short-term bearish factors dominating.

The import volume doubled month on month to 350,000 tons, reaching a 17 month high. The significant increase in supply has led to an increase in market surplus risk, and it is expected that spot prices will be under pressure and decline, with obvious negative factors.

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