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Weak Oil Trend

China Agriculture Report By CnAgri2013-03-14 10:42:44China Agriculture Report Print
Keywords:Weak Oil
Soybean Oil: Soybean oil price decreased slightly this week. Soybean oil stock was on the high side, but consumption situation was bad.  So it is predicted the price shall fluctuate with weakness. (Figure 6 and Figure 7)
 
Rapeseed Oil: rapeseed oil price declined this week. As the government releases 10MT rapeseed oil every week, its supply increases. But there is no significant improvement in demand. Therefore, it is predicted rapeseed oil price shall go down with fluctuation. (Figure 7)
Soybean Oil: Soybean oil price decreased slightly this week. Soybean oil stock was on the high side, but consumption situation was bad.  So it is predicted the price shall fluctuate with weakness. (Figure 6 and Figure 7)
 


Rapeseed Oil: rapeseed oil price declined this week. As the government releases 10MT rapeseed oil every week, its supply increases. But there is no significant improvement in demand. Therefore, it is predicted rapeseed oil price shall go down with fluctuation. (Figure 7)



From “China Oil and Oilseeds Market Weekly Report”


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