SunSirs: China Domestic Rapeseed Market was Weak Last Week
December 26 2023 14:55:26 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of SunSirs, the average market price of domestic rapeseed on December 18th was 6,372 RMB/ton, and on December 22nd, the average market price of domestic rapeseed was 6,360 RMB/ton, with a decrease of 0.19% in quotation during this period. This week, the weak market for rapeseed oil and meal dragged down the demand for domestically produced rapeseed, and prices were slightly lowered under pressure. Due to the gradual decrease in market supply, traders have a serious mentality of price support, and the quantity of imported rapeseed has gradually arrived at the port, suppressing the weakening of the domestic rapeseed market. The expected demand for holidays in the later period is expected to be well supported. It is expected that domestic rapeseed will remain stable, with limited downward space.
Vancouver, December 21st news: On Thursday, Intercontinental Exchange (ICE) Canadian rapeseed futures closed lower, with the benchmark period closing down about 0.83%.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-26 SunSirs: Weakness and Decline in China Domestic Rapeseed Prices
- 2024-04-23 SunSirs: China Domestic Rapeseed Prices Declined (April 15-19)
- 2024-04-15 SunSirs: China Domestic Rapeseed Prices Remain Stable Last week (4.7-4.12)
- 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
