SunSirs: China Edible Oil Market Prices are Up and Down on November 21
November 21 2024 15:15:24     SunSirs (Selena)On November 21st, the benchmark price of soybean oil in SunSirs was 8,304.00 RMB/ton, a decrease of -1.91% compared to the beginning of this month (8,466.00 RMB/ton).
On November 21st, the benchmark price of palm oil in SunSirs was 10,036.00 RMB/ton, an increase of 5.91% compared to the beginning of this month (9,476.00 RMB/ton).
On November 21st, the benchmark price of rapeseed oil in SunSirs was 9,390.00 RMB/ton, a decrease of -0.49% compared to the beginning of this month (9,436.67 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).
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