1. Price Trend

According to SunSirs, the average domestic rapeseed offer this week was 5,160 RMB / ton, up 0.49% from last week's offer.

2. Market Analysis

Products: This week, the domestic rapeseed price in Yancheng, Jiangsu was around 5.08 RMB / kg, the price in Hubei was around 5.2 RMB / kg, and the price in Anhui was around 5.08-5.2 RMB / kg. Recently, there has been a slight upward trend in traders' quotations, but the increase is not large. In the coming year, domestic rapeseed production will be reduced. At present, there is not much rapeseed stock in Inner Mongolia, which has certain support for rapeseed prices. The arrival of holiday stocks will support domestic rapeseed prices.

Under the influence of China-Canadian relations, the amount of imported rapeseed is relatively small. According to customs data, China imported 2.459 million tons of rapeseed from January to September 2019, a decrease of 35.26% from the same period last year.

The weak pattern of strong oil meal continued, rapeseed meal was dragged down by the off-season consumption, and the price fluctuated in a narrow range. Rapeseed oil was mainly affected by the favorable oil market.

3. Market Forecasting

SunSirs rapeseed analysts believe that domestic rapeseed prices may continue to fluctuate on the strong side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com