According to the Commodity Market Analysis System of SunSirs, since December, the domestic soybean oil and palm oil market has experienced a fluctuating decline and weakened. On December 1st, the average price of soybean oil in the market was 8,350 RMB/ton. On December 21st, the average price of soybean oil in the market was 8,150 RMB/ton, a decrease of 2.4%. On December 1st, the average price of palm oil in the market was 7,212 RMB/ton. On December 21st, the average price of palm oil in the market was 7,104 RMB/ton, a decrease of 1.5%.

Since December, the soybean oil palm oil market has experienced a significant decline, and after hitting the bottom and rebounding, it has started a weak oscillation trend. The main reason is that the external futures market fluctuates frequently, with continuous ups and downs. South American soybeans are in the sowing season, and the weather theme is still ongoing. Domestic soybean oil and palm oil futures have risen and fallen sharply with the market. Starting from mid month, the bullish and bearish factors have remained relatively stable, and the terminal stocking market is average. The weak oscillation of soybean oil and palm oil is the main trend, and the overall price has declined. As of December 21st, the soybean oil market has fallen by more than 2% compared to the beginning of the month, and the palm oil market has fallen by more than 1% compared to the beginning of the month.

SunSirs agricultural product analysts believe that as New Year's Day approaches, there is still a demand for rigid terminal oils, and there is still room for an increase in soybean oil and palm oil in the future.

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