SunSirs: Negative Pressure, Soybean Oil and Palm Oil Market Fluctuates and Falls in China
December 14 2023 10:03:16 SunSirs (Selena)
According to the commodity market analysis system of SunSirs, since December, the soybean oil and palm oil market has been mainly oscillating and declining. As of December 13th, the average price of soybean oil in the market was 8,250 RMB/ton, a decrease of 1.2% from the beginning of the month; The average market price of palm oil is 7,098 RMB/ton, a decrease of 1.58% from the beginning of the month.
Since December, the external soybean oil market has declined, and the domestic soybean oil futures market has been dragged down, with a decline in follow-up. The demand for terminal catering market is average, and the soybean oil spot market has continued to oscillate and decline. On the 13th, the soybean oil price fell by more than 1.2%. Malaysia's palm oil exports have declined, and the Malaysian palm oil market is not good. The domestic palm oil futures market has declined, and the spot market has fluctuated and fallen. On the 13th, palm oil fell by more than 1.5%.
SunSirs agricultural product analysts believe that as New Year's Day approaches, the demand for stocking in the terminal catering industry is driving up, and there is still room for an increase in soybean oil and palm oil in the future.
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- 2024-04-18 SunSirs: Daily Report of China Commodity Data (April 18, 2024)
- 2024-04-18 SunSirs: Multiple Bearish Factors Intertwined, China Palm Oil Market is Oscillating and Falling
- 2024-04-16 SunSirs: The Bearish Sentiment still Exists, China Soybean Meal Market may Hit a New Low
- 2024-04-12 SunSirs: Daily Report of China Commodity Data (April 12, 2024)
- 2024-04-12 SunSirs: Good News, China Palm Oil is Expected to Rise
