SunSirs: Downstream Demand is Improving, China Rapeseed Prices is slightly Rising
September 15 2023 10:57:41 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average market price of domestic rapeseed on September 7th was 6,548 RMB/ton, and on September 13th, the average market price of domestic rapeseed was 6,568 RMB/ton, with an increase of 0.31% during the period. The price of rapeseed has slightly increased this week.
Downstream consumption of rapeseed has improved, and market sales have increased. Affected by bullish market sentiment, traders are hesitant to sell, and it is expected that domestic rapeseed may experience a strong trend of volatility.
Vancouver, September 13th: The Canadian rapeseed futures market on the Intercontinental Exchange (ICE) closed higher for the first time in more than a week, with the benchmark period closing up approximately 0.40%. As of the close, rapeseed futures have risen by between CAD 2.10 and CAD 3.50, with November futures closing approximately CAD 3 higher at CAD 755.30/ton; The January period closed up approximately CAD 2.90 and closed at CAD 764/ton; The March period closed approximately CAD 2.90 higher at CAD 769.60/ton.
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