On May 10th, the average price of rapeseed oil spot market was 8,520 RMB/ton, and on May 1st, the average price of rapeseed oil spot market was 8,398 RMB/ton, an increase of 1.45%.

After the May Day holiday, rapeseed oil prices first rose and then fell. In terms of benefits, during the May Day holiday, due to adverse weather conditions, the foreign soybean market has risen strongly, and with the return of the holiday, the rapeseed oil market has also risen. In addition, the main rapeseed producing areas in Europe have been affected by the "late spring cold" weather, supply concerns, and expectations of a decrease in rapeseed production, driving up the rapeseed oil market. On the bearish side, there is sufficient import of rapeseed from May to August, and the expectation of loose rapeseed oil supply remains unchanged. Oil is in the off-season of demand, and the market demand is limited.

Recently, oil factories have made good profits from squeezing, with an increase in domestic purchases of ships. From May to August, there was a sufficient amount of imported rapeseed in China. In May, the number of imported soybeans in China increased, and with the main palm oil producing countries entering a period of increased production, it is expected that the possibility of weak fluctuations in rapeseed oil will increase.

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