SunSirs: Domestic Rapeseed Prices Remained Stable
June 20 2023 11:17:59 SunSirs (John)
Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on June 12th was 6,320 RMB/ton, while on June 15th, the average market price of domestic rapeseed was 6,320 RMB/ton, and the quotation remained stable during this period.
Analysis review
On June 15th, the Canadian rapeseed futures market on the Intercontinental Exchange (ICE) closed higher, with the benchmark futures contract closed 3.14% higher. As of the close, rapeseed futures had risen from 10.10 Canadian dollars to 22.80 Canadian dollars, with July futures closing up approximately 20.90 Canadian dollars at 715.10 Canadian dollars per ton; The November period closed approximately 21.10 Canadian dollars higher at 693 Canadian dollars per ton; The January period closed approximately 21.60 Canadian dollars higher at 700.50 Canadian dollars per ton.
Market outlook
This week, the domestic rapeseed prices remained stable, and the market was stable. In addition, with the approaching Dragon Boat Festival and active market stocking, in the short term, it is expected that the price of new rapeseed will remain stable, with little change in price.
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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
