Soybean Oil: This week, soybean oil price continues increasing from last week. Then again domestic spot soybean oil price rises slightly and the main reasons are as follows: first, soybean concentrated arrival results in queuing to unloading in some ports, which lead to unprocessed soybean supply problem; second, operation rate dropped slightly so that oil factory inventory falling down; third, compared with palm oil, soybean oil has price advantages, therefore soybean oil demand is stronger than palm oil. BOABC predicted that before Spring Festival small package market still exist the demand to stock up, moreover with soymeal market becoming weak, oil factory will continue support oil price. Therefore the space of price falling down is limit. (Figure 6)  


Shelled Peanuts and Peanut Oil: This week the average shelled peanut price is the same as last week. The contracting parties are at odds, and oil factories are negative in purchasing, what’s more farmers are still reluctant to sale, these three factors all play a support role on price. Therefore it predicted that domestic shelled peanuts price will steadily be weak. 
 
Peanut oil price is stable. New Year’s Day and Spring Festival are the traditional hot season for small package oil. Due to the high shelled peanuts price, peanut oil factories will support peanut oil price. BOABC predicted that domestic peanut oil price will keep strong. (Figure 8 & Figure 9)












From “China Oil and Oilseeds Market Weekly Report”