SunSirs: Domestic Rapeseed Was Basically Stable in January
February 02 2023 10:21:49 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average market price of domestic rapeseed on January 1 was 7,184 RMB/ton, and the average market price of domestic rapeseed on January 31 was 7,176 RMB/ton. During the period, the quotation fell 0.11%, and up 1.64% from December 1.
Analysis review
The price of domestic net rapeseed in Hubei was about 3.55-3.7 yuan/jin; the price in Anhui was about 3.68 yuan/jin; about 3.7 yuan/jin in Jiangsu; the price in Sichuan was about 3.75-3.8 yuan/jin; Inner Mongolia offered about 3.30 yuan/jin. The supply of domestic rapeseed market was scarce, and the price was mainly stable. Before the Spring Festival, the stock market came to an end, and traders sold a small amount of goods. The domestic epidemic policy was optimized, and the recovery of oil consumption was slow. After the holiday, the market purchase and sales remained light, and the quotation was the same as that before the holiday.
From the perspective of upstream and downstream, the reference price of upstream propylene was 7,560.60 on January 27, up 4.36% compared with that of January 1 (7,244.60). For downstream epoxy resin, the reference price of epoxy resin was 15,500.00 RMB/ton on January 27, down 2.11% from the price on January 1 (15,833.33 RMB/ton).
Market outlook
The surplus of domestic rapeseed is scarce, which supports the price of domestic rapeseed. The rapeseed analysts of SunSirs expect that domestic rapeseed is mainly stable.
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- 2024-04-09 SunSirs: China Actual Shipment of Imported Rapeseed was 330,600 tons during March 16-31, 2024
- 2024-04-09 SunSirs: CGC Data Shows that approximately 420,000 tons Rapeseed Delivered by Farmers as The Week Ending March 31st
- 2024-03-28 SunSirs: Positive Support, China Domestic Rapeseed Rose in March
