Soybean Oil: This week, soybean oil price declined. According to shipping date statistics, in July and August, the imported volume of soybean predicted to be 6.3 MT and 6.1 MT respectively keeping in high level; in Sep. the volume saw obvious decline and predicted to be 4.5 MT. in 2013/14 total imported 68.73 MT soybeans, up 59.86 MT, by 14.8%. Recently, the soybean utilization of capacity increased in China's coastal regions, and underutilization of capacity can reach about 50%, while the soybean oil transaction was less. The domestic soybean oil inventory was above 1.25 MT. As for demand, recently the domestic soybean oil was in slack season, and with the rising of temperature, the palm oil demand increased. So it predicted that the spot soybean oil price will fluctuate weakly. 
















From “China Oil and Oilseeds Market Weekly Report”