1. Rapeseed Weekly Report:
This week (October 18, 2021 - October 22, 2021) this week's rapeseed quotations rose, mainly due to the impact of the surge in vegetable oil prices and the increase in rapeseed prices. The average price of rapeseed in the country: 6194 yuan / ton, up 261 yuan / ton from last week. The situation of rapeseed market in various places is as follows: unit: yuan / ton
Positive factors:
This week, the provinces raised the increase in rapeseed by about 0.5-1 mao, due to the arrival of the traditional demand season for vegetable oil in the fourth quarter, which led to the strengthening of traders' price psychology, and some traders began to sell, resulting in a decrease in the number of rapeseeds in circulation on the market.
Bearish factors:
The demand for the end market is light, and in addition, the rise in freight rates has dampened the upside of rapeseed in the production area, coupled with the collapse of oil and fat over the weekend, so it is necessary to guard against the decline of rapeseed.
Analysis prediction:
Rapeseed prices are expected to run steadily and strongly.
This article is excerpted from the WeChat public account: China-Russia Grain and Oil Network
Second, rapeseed oil weekly report:
This week (October 18, 2021 - October 22, 2021), this week's rapeseed oil spot rise, this week's average price of fourth-grade vegetable oil: 12735 yuan / ton, up 273 yuan / ton from last week, the average price of first-class vegetable oil: 13121 yuan / ton, up 210 yuan / ton from last week. The situation of rapeseed oil throughout the country is as follows: unit: yuan / ton
The supply of vegetable oil is tight, the fourth quarter is the traditional demand season for vegetable oil, factories or traders quote a price, the price is relatively firm.
The current high price has become unacceptable to the market, resulting in spot goods in general.
Market Trend Forecast:
The total inventory of the three major domestic oils and fats is close to the same period last year, but the supply of vegetable oil is tight, the fourth quarter is the traditional demand season for vegetable oil, even if the current price is too high, the demand for vegetable oil will also have a certain amount of improvement, so there is still a possibility of rising in the later stage.