Soybean Oil: Last week soybean oil price was unstable. To date domestic veg. oil is in slack season, whereas imported soybean still arrives largely, so that domestic soybean supply & sale is still in sluggish condition. Affected by RMB degradation, international oilseeds market is also weak. At present, unstable soybean market is hard to change. (Figure 6)

Rapeseed Oil: Recently domestic rapeseed lists slowly due to prop acquisition policy adjustment. Next year rapeseed sown areas will continue falling down. However, Asia lost and oil factories’ operation rate is low, which will delay domestic rapeseed’s listing time. Canada imported rapeseed price increases and most of coastal oil factories are reluctant to sell. In short – term run, rapeseed oil price will keep weakness. (Figure 7)

From “China Oil and Oilseeds Market Weekly Report”