According to the National Grain and Material Reserve Data Center, monitoring data as of August 21, 2026, shows that commercial inventories of the three major domestic edible oils continued to climb, reaching 2.55 million tonnes. This represents an increase of 60,000 tonnes week-on-week, 120,000 tonnes month-on-month, and 140,000 tonnes year-on-year, as well as a rise of 370,000 tonnes compared to the average for the same period over the past three years.

Commercial inventories of the three major domestic edible oils are steadily rising, showing significant increases across weekly, monthly, and year-on-year comparisons, as well as against the three-year average for this period. Rapeseed oil—one of the three major varieties—currently faces ample overall market supply and downward pressure on spot prices; related futures contracts are weighed down by high inventory levels, resulting in a bearish trend.

Monitoring data indicates that overall edible oil inventories remain at elevated levels. Soybean oil, a primary variety for domestic consumption, exhibits a loose supply-demand balance; spot prices lack support for upward movement, and related futures contracts are trending weakly due to the bearish inventory data.

Commercial inventories across all three major domestic edible oils are rising. Supply-side pressure is particularly evident for palm oil, placing downward pressure on spot prices. Related futures contracts are constrained by the high overall inventory levels, making significant upward momentum unlikely in the short term.

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