After the short-term surge in vegetable oil, it was "boycotted" by the downstream, the oil mill rapeseed oil trading volume declined, and the price of vegetable oil fell steadily; due to the advent of the off-season of demand, the price of rapeseed continued to fall; due to the decline in market circulation, the rapeseed crushing of oil mills was acceptable, and the price of rapeseed remained firm.
The rise in the price of rapeseed has stimulated oil mills to rush to buy rapeseed, but the decline in rapeseed prices has limited the increase in processing profits of oil mills, and domestic rapeseed has continued to maintain a high level of shock, the fluctuation range is small, and the purchase and sale are still light. As of the beginning of this week, Anhui Huangshan traders sold rapeseed (small squeezed oil rate of about 35%, moisture within 9%), net cargo loading price of 3.12 ~ 3.13 yuan / jin, stable week-on-week, the goods are acceptable; Jiangsu Yancheng Funing traders sell rapeseed (small squeezed oil rate of 35%, moisture within 9%), net cargo foreign loading price of 2.90 yuan / jin, the price is stable; Anhui Hefei Feixi traders sell rapeseed (small squeezed oil rate of 35%, moisture 9%) net loading price of 3.03 yuan / jin, Up 0.03 yuan / kg; Inner Mongolia Hulunbuir Hailar traders sell new rapeseed (oil yield 41% to 42%, moisture 10%) external loading price of 2.95 ~ 3.10 yuan / kg, stable; Jiangxi Ji'an traders sell rapeseed (small squeezed oil rate of 34% to 35%, moisture 9%) external loading price of 3.20 yuan / kg, stable.
After October, the cooling in the northern region of China is larger, aquaculture ushers in a relatively low season, feed feeding will drop significantly, and the demand for rapeseed meal, which is mainly used for aquatic feed production, tends to decline. As of the beginning of this week, Jiangsu Nantong Oil Mill rapeseed meal quotation of 3100 yuan / ton, down 40 yuan / ton week-on-week; Guangdong Huangpu 2970 yuan / ton, down 120 yuan / ton; Xinjiang Urumqi 2610 yuan / ton, down 10 yuan / ton; Sichuan Chengdu 2750 yuan / ton, down 20 yuan / ton; Hubei Wuhan 3150 yuan / ton, down 40 yuan / ton.
Crude oil soared and soybean oil and palm oil rose, boosting the domestic vegetable oil futures spot prices higher, but because the "double festival" stage demand season has just passed, downstream terminal inventories have yet to be digested, small packaging oil producers in the face of oil mills to increase vegetable oil quotations do not buy, so that oil mill vegetable oil trading volume declined. As of October 18, Jiangsu Zhangjiagang fourth-grade vegetable oil was quoted at 12,110 yuan / ton, down 80 yuan / ton from before the holiday; Wuhan, Hubei Province, 12,370 yuan / ton, down 90 yuan / ton; Anhui Hefei 12,230 yuan / ton, down 80 yuan / ton; Sichuan Chengdu 12,460 yuan / ton, down 90 yuan / ton; Guizhou Zunyi 12,460 yuan / ton, down 30 yuan / ton. (Originally published on October 23, 2021, grain and oil market newspaper A03 edition)
Source丨grain and oil market report
Total Duty 丨 Liu Xinhuan Coordinator 丨 Liu Chao Editor 丨 Congshen