Commodity News
SunSirs: Soybean Oil and Palm Oil Posted Mixed Gains on April 21
April 22 2022 09:01:35 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, on April 21, soybean oil and palm oil rose in different ways. The soybean oil market rose, up 1.05% in a single day; the palm oil market fell, down 0.3% in a single day.
Analysis review
Soybean oil stocks were low, supply is tight, the market was firm, and prices continued to rise. Due to the high price of palm oil, the market has corrected.
Market outlook
It is expected that the soybean oil and palm oil market will remain high in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
Related Information
- 2024-05-17 SunSirs: Daily Report of China Commodity Data (May 17, 2024)
- 2024-05-14 SunSirs: Bearish Sentiment, China Palm Oil Market is Falling
- 2024-05-10 SunSirs: Daily Report of China Commodity Data (May 10, 2024)
- 2024-05-09 SunSirs: The Rise and Fall of Soybean Oil in China are Mixed after May Day
- 2024-04-29 SunSirs: Driven by External Market, China Soybean Oil and Palm Oil Market Fluctuates and Rises
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