Soybean Oil: This week domestic operation rate declines, but still keeps in high level. The total soybean crushing volume of soybean in the whole country is 1,543,750 tons, down by 2.30% from 1,580,100 tons. Then again soybean crushing capacity utilization is 50.65%, down by 1.19% from last week. Next week, oil factory’s operation rate will continue drop off and its crush quantity will decline to 1.42 MT. As for supply condition after April, soybean arrival quantity will add with low cost. Furthermore, domestic crush margin will become better with higher operation rate and soybean oil inventory. While for long term run, oilseeds will still keep weak. (Figure 6)

Rapeseed Oil: This week domestic rapeseed oil price is mixed with less transaction. Among that domestic fourth grade rapeseed oil quotation in the mid – low Reaches of Yangtze River is 7000 – 7950 Yuan/ton; while in coastal areas the quotation is 5750 – 5800 Yuan/ton. The operation rate in most provinces of SC has recovered to 50.64%, and the average price of rapeseed oil is about 5700 Yuan/ton. BOABC predicted that if the supply & demand can reach a balance point, rapeseed oil price may decline. (Figure 7)















From “China Oil and Oilseeds Market Weekly Report”