Soybean Oil Price Remains Weak with Demand Saturation in Downstream

By CnAgri2013-09-25 11:38:50 Print Soybean Oil: Soybean oil price decreased this week. Inventory of soybean oil in major ports declined to 786800 MT presently after 5 continuous week decline. In recent two weeks, however, the decline rate is slowing down, suggesting that storage in downstream is close to saturation. Purchase and sale went slack and daily turnovers declined dramatically. Besides, supply of palm oil and rapeseed oil was adequate and supply and demand condition of soybean oil remained loose, the price is predicted to go weak with fluctuation. (Figure 6 and Figure 7)



From “China Oil and Oilseeds Market Weekly Report”