SunSirs: China Domestic Rapeseed remained Stable Last Week (July 31- August 4)
August 09 2023 10:10:06 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on July 31st was 6,92 RMB/ton, and on August 4th, the average market price of domestic rapeseed was 6,92 RMB/ton, with stable quotations being the main focus. Domestic rapeseed prices mainly increased in July, while prices remained stable in early August. Rapeseed consumption is in the off-season, traders are slow to sell, and market quotations are mainly stable. According to the analysis system of SunSirs, last week vegetable oil was downgraded and sorted out, falling by 1.13%. Last week, the market trend of vegetable meal was relatively strong, rising by 2.13%. In the short term, it is expected that domestic rapeseed prices will remain stable.
Vancouver, August 3rd news: The Canadian rapeseed futures market on the Intercontinental Exchange (ICE) closed higher on Thursday, ending the decline of the past five trading days, with the benchmark period closing up approximately 0.9%. As of the end of the trading day, rapeseed futures have risen from 2.10 CAD to 7.70 CAD, with November futures closing up approximately 6.90 CAD, at 780.90 CAD/ton; The January period closed approximately 5.90 CAD higher, at 784.20 CAD/ton; The March period closed approximately 4.70 CAD higher, at 785.60 CAD/ton.
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