1.Price Trend

According to the monitoring of SunSirs, the average price of domestic rapeseed at the beginning of this week was RMB 4725/ton, while the average price at the end of this week was RMB 4745/ton, up 0.42%.

2.Cause analysis

The price of domestic rapeseed in Yancheng, Jiangsu Province is about RMB 2.38/kg, that in Hubei Province is about RMB 2.36/kg, and that in Anhui Province is about RMB 2.35/kg. This week, the price of rapeseed quoted by most traders is stable, with a small increase. Winter rapeseed appeared on the market at the end of May, with the consumption of time, the number of rapeseed decreased, and traders had a strong price mentality. Spring rapeseed began to appear on the market sporadically in September, with the main market wait-and-see. In Sino-Canadian relations, Canadian rapeseed imports are limited.

The Mid-Autumn Festival stockpile is coming to an end, and the market of imported rapeseed oil is limited. The average price of imported rapeseed meal at the beginning of this week is RMB 2386/ton, while the average price of rapeseed meal at the end of this week is RMB 2340/ton, down 1.96%. The stock of rapeseed meal in Guangdong and Guangdong is 20,000 tons.

3.Future Market Forecast

Rapeseed analysts from SunSirs believe that rapeseed prices may be adjusted by shocks.

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