As of April 10, 2026, rapeseed oil inventories at major oil mills in coastal regions stood at 18,000 tons, an increase of 5,000 tons from the previous week; in the East China region, inventories reached 300,000 tons, up 21,000 tons from the previous week.

As of April 10, 2026, rapeseed oil inventories in coastal regions had risen to 18,000 tons (a weekly increase of 5,000 tons), while inventories in East China had climbed to 300,000 tons (a weekly increase of 21,000 tons). This indicates a situation of excess supply and sluggish demand, exerting significant downward pressure on spot prices, as the accumulation of inventory reflects insufficient market absorption capacity. Corroborating this with futures market data, prices for benchmark rapeseed oil contracts (such as 2605, 2607, and 2609) generally declined (for instance, the settlement price for the 2609 contract was 9,377 RMB/ton, down 19.00). Changes in open interest reveal an increase in positions for certain contracts (e.g., open interest for the 2609 contract rose by 16,666), suggesting a strengthening bearish sentiment in the market that could further depress futures prices.

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