The recent strong oil spot market prices, market demand is stable.Level of dalian soybean oil ex-factory price to 7350 yuan/ton higher than last week to 100, soybean oil price 7350-7550 in jiangsu province level, higher than last week’s 200;Hubei four vegetable oil factory price at 8500, higher than last week, 150, anhui four vegetable oil factory price at 8400, higher than last week’s 50;Guangzhou port 24 degrees palm oil distribution price is 6430, higher than last week, 200, tianjin port 24 degrees palm oil distribution price is 6500, higher than last week 200.
2010 new season rapeseed price basic stability, oil price in 4000 yuan/tons.In some parts of rapeseed has stopped.
International market price, from July 22nd August shipment South American soybean oil imports $894 per ton cif, comprehensive cost 7590 yuan/ton, the ring is on the day rose 50, from a year earlier rose 640 yuan/ton.Shipping date of August 24 degrees of Malaysia palm oil imports, $861 per ton cif comprehensive cost 7036 yuan/ton, the ring is on the up 40, from a year earlier rose 1115 yuan/ton.
By the general administration of customs import and export, according to data show that China’s oil imports of 580000 tons, in June rose 3.57%, 1 – June import 3.44 million tons, 7.8% less than a year earlier.
International supply and demand of data: the United States department of agriculture of supply and demand in July, according to a report in 2010/11 global oilseed production data raised 500000 tons, a record 440.7 million tons.Foreign sunflower oil extraction (http://www.sunflowermill.com) data by 1.2 million tons, 340 million tons, the main reason is that rapeseed production data.Rapeseed output of 10.2 million tons, Canada than last month cut its 1.8 million tons, the main cause is a decline in harvest area.Other aspects of adjustment including, rapeseed production data by China and the European Union, and the United States, Brazil, and uzbekistan cotton seed yield data.