SunSirs: China Edible Oil Market Prices Fluctuate Down on August 20
August 20 2024 14:53:33 SunSirs (Selena)
On August 20th, the benchmark price of soybean oil in SunSirs was 7,474.00 RMB/ton, a decrease of -2.83% compared to the beginning of this month (7,692.00 RMB/ton).
On August 20th, the benchmark price of palm oil in SunSirs was 7,792.00 RMB/ton, a decrease of -1.07% compared to the beginning of this month (7,876.00 RMB/ton).
On August 20th, the benchmark price of rapeseed oil in SunSirs was 7,975.00 RMB/ton, a decrease of -4.93% compared to the beginning of this month (8,388.33 RMB/ton).
Application of SunSirs Benchmark Pricing
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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