Source: Jintou.com
According to the monitoring data of the business agency: starting from November 2, soybean oilpalm treeThe oil market opened a downward channel, and the market fell one after another, palm oil fell more than 4.5%; soybean oil fell almost 3.3%. As of November 9, the average market price of soybean oil was 10,218 yuan / ton, down 3.29% from November 2; The average palm oil market price was 8,398 yuan / ton, down 4.52% from November 2.
This round of soybean oil and palm oil prices fell mainly because of the futures level: the external futures were dragged down, and the domestic futures market fell with the market; on the demand level: final catering demand was slow, and the soybean oil and palm oil market continued to decline.
Future: Since November, the global economy has been sluggish, and the demand for oils and fats has been slow. The oil and fat market in the external market has fallen one after another. , and domestic soybean oil and palm oil futures have fallen. On November 9, the main soybean oil contract closed even at 9,298 yuan/ton, down 228 yuan/ton in one day; even palm oil’s main contract closed at 8,346 yuan/ton, down 154 yuan/ton. The domestic oil futures market fell, and the spot market followed the market The soybean oil spot fell by more than 1.5% in one day, and the palm oil spot fell more than 2.3% in one day .
Demand side: The boom in the oil terminal catering industry has declined, profits have shrunk, enthusiasm for purchasing soybean oil and palm oil is not good, and demand for oil and fat has generally declined.
Li Bing, an agricultural product analyst in the business community, believes it was imported between mid and late November.soybeansFocusing on the arrival of Hong Kong, the rate of operation of soybean oil plants has resumed, and the supply is free, It is expected that the market of soybean oil and palm oil will remain weak in the future.
(Article source: Business Club)
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