According to the Commodity Analysis System of SunSirs, the combination of long and short factors has led to mixed fluctuations in the soybean oil market after May Day. On May 1st, the average price of soybean oil in the market was 7,840 RMB/ton, while on May 8th, the price remained at 7,840 RMB/ton.

During the May Day holiday, the oil and fat market in the outer market surged. After the holiday, the soybean oil futures market experienced a rebound, and after the rebound, it gradually rebounded. On May 8th, soybean oil fell by 1.75% in a single day, with the market average price dropping to 7,840 RMB/ton, unchanged from the beginning of the month. The agricultural and sideline analyst of SunSirs believes that the demand for terminal oil consumption is poor, and the rise of soybean oil market in the future is still under pressure, which may continue to be weak and downward.

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