Commodity News
SunSirs: The Spot Market of Soybean Oil is Expected to be Poor in the Market Outlook
May 19 2023 09:27:44
The latest price of soybean oil (May 17): 7624 RMB / ton, the market outlook is bearish
Analysis points: The price on May 17 fell by 2.51% compared with the previous trading day. After May Day, due to the increase in the number of imported soybeans arriving in Hong Kong, the operating rate of soybean oil plants has increased, the supply of soybean oil has been loose, and the price has continued to decline. The average market price has dropped to 7,600 RMB/ton.
Forecast of the market outlook: The terminal demand is not good, and the spot market of soybean oil will continue to decline in the market outlook.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
Related Information
- 2024-04-18 SunSirs: China Soybean Oil Market is constantly Falling, What will Happen in the Future?
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- 2024-03-25 SunSirs: Futures Market Boosting, China Soybean Oil and Palm Oil Market are Rising
- 2024-03-19 SunSirs: Positive Support, China Soybean Oil and Palm Oil Markets Rise
- 2024-03-08 SunSirs: Positive Support, China Soybean Oil and Palm Oil Market is Up
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