SunSirs: China Domestic Rapeseed Prices Remain Stable Last week (4.7-4.12)
April 15 2024 15:14:41 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of the SunSirs, the price of domestic rapeseed remained stable last week. On April 7th, the average market price of domestic rapeseed was 6,140 RMB/ton, and on April 12th, the average market price of domestic rapeseed was 6,140 RMB/ton. During this period, the quotation remained stable. The concern about reduced production of domestically produced new season rapeseed has been alleviated, and its support for rapeseed has weakened. There is not much surplus of domestically produced aged vegetable seeds, and traders are entering the clearance process. Downstream demand is in the off-season, with poor market sales and stable market quotations. Traders have a downward pricing mentality. In the short term, it is supported by the bottom of domestic rapeseed surplus, but downstream demand is in the off-season, and it is expected that domestic rapeseed will remain stable.
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