Weak Oil Trend

By CnAgri2013-03-14 10:42:44 Print 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”