Soybean Oil: This week soybean oil price declines. On the one hand, oil enterprises still keep high operation rate, with rising soybean oil inventory.  On the other hand, El Nino weather supports soybean oil trend. At present soybean oil market is in sluggish condition. It is predicted that soybean oil will still keep fluctuating. (Figure 6)

Rapeseed Oil: Due to policies adjustment of prop acquisition, domestic rapeseed comes to market slowly. Next year rapeseed sown area will continue falling down. However, oil factories’ crushing enthusiasm is low, which will delay domestic rapeseed list time. Imported Canada rapeseed price runs up, thus coastal oil factories are reluctant to sell. It is predicted that in short term domestic rapeseed oil will still keep strong. (Figure 7)























From “China Oil and Oilseeds Market Weekly Report”