According to the monitoring of the commodity market analysis system of SunSirs, the average price of rapeseed oil spot market was 8,718 RMB/ton on May 13th, and the average price of rapeseed oil spot market was 8,740 RMB/ton on May 17th, an increase of 0.25%.

On the night of May 10th, a significant increase in soybean oil drove up spot prices of rapeseed oil on Monday (13th). In addition, the drought in the main rapeseed producing areas of Canada has driven up the domestic rapeseed oil market. Before August, there is a sufficient amount of imported rapeseed in the domestic market, and the operating rate of oil factories may remain high. The expectation of loose rapeseed oil supply remains unchanged. The weather is getting hotter, the demand for oil is weakening, and the fundamentals of rapeseed oil are poor. It is expected that the upward space of rapeseed oil will be hindered, and it may mainly fluctuate and operate weakly.

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