On March 10th, the National Grain and Material Reserve Data Center reported that monitoring showed that on March 6th, there were 250,000 tons of rapeseed oil, a decrease of 10,000 tons on a weekly basis, an increase of 20,000 tons on a monthly basis, and a decrease of 470,000 tons year-on-year.

The article shows that the inventory of rapeseed oil is 250,000 tons, a decrease of 10,000 tons compared to the previous week, indicating a slight tightening of short-term supply and providing slight support for spot prices; The month on month increase of 20,000 tons reflects an increase in supply last month, which has brought certain negative pressure; However, the year-on-year decrease of 470,000 tons (a decrease of about 65%) is significant, highlighting the overall tight supply and providing significant positive support for spot prices. Overall, the significant year-on-year decline dominates market sentiment, and it is expected that spot prices will rise significantly.

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