SunSirs: The Price of China Domestic Rapeseed Remains Stable
November 22 2022 13:30:38 SunSirs (Selena)
According to the monitoring of SunSirs, the average market price of domestic rapeseed was 7,100 RMB/ ton on November 14, and 7,100 RMB/ ton on November 18. During this period, the price was stable, up 3.44% compared with October 1.
The price of domestic net rapeseed in Hubei is about 3.65-3.7 RMB/500g; The quotation in Anhui is about 3.55-3.6 RMB/500g; About 3.65 RMB/500g in Jiangsu; The quotation in Sichuan is about 3.8 RMB/500g. The supply of domestic winter vegetable seeds gradually decreased, supporting the price of domestic rapeseed, and the traders' quotation was firm. The price of domestic rapeseed is relatively high, and most oil plants purchase it on demand. In the spring rapeseed production area, due to the logistics obstacles, the quantity of rapeseed flowing into the southern region is limited and the quotation is high. It is expected that a large number of imported rapeseed will arrive in Hong Kong in November, the supply of rapeseed will be improved, and the domestic epidemic prevention policy will be relaxed. In the short term, it is expected that the high price of domestic rapeseed will remain stable, and it will be reduced later.
In terms of external market, Vancouver reported on November 17 that on Thursday, the Canadian rapeseed futures of the Intercontinental Exchange (ICE) closed lower, with the benchmark period closing 2.4% lower, the lowest level in more than a month, because of the pressure brought by the decline of the external market. By the end of the day, the January period had closed down about $20.70, closing at $861.70/ton; The March delivery ended down about $22.20 to close at $849.70/ton; The May delivery was down about $22 to close at $851.10/ton.
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