SunSirs: China Domestic Rapeseed Prices remain Stable
June 21 2023 16:12:27 SunSirs (Selena)
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. Last week, the domestic rapeseed prices have remained stable, and the market has been stable. In addition, with the approaching Dragon Boat Festival and active market stocking, it is expected that the prices of new rapeseed will remain stable in the short term, with little change in prices.
On June 15th, the Canadian rapeseed futures market on the Intercontinental Exchange (ICE) closed higher, with the benchmark period closing approximately 3.14% higher. By the end of the day, rapeseed futures had risen by 10.10 Canadian dollar to 22.80 Canadian dollar, of which July futures had risen by 20.90 Canadian dollar to close at 715.10 Canadian dollar per ton; The November delivery ended up about 21.10 Canadian dollar, closing at 693 Canadian dollar/ton; The January delivery was up 21.60 Canadian dollar to close at 700.50 Canadian dollar/ton.
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