According to the commodity market analysis system of SunSirs, the soybean oil and palm oil market fluctuated and rose last week, with soybean oil rising by over 1% and palm oil rising by over 1.4%. At the beginning of last week, the average price of soybean oil in the market was 7,870 RMB/ton. Over the weekend, the average price of soybean oil in the market was 7,962 RMB/ton, an increase of 1.17%. At the beginning of last week, the average price of palm oil in the market was 7,770 RMB/ton. Over the weekend, the average price of palm oil in the market was 7,884 RMB/ton, an increase of 1.47%.

Last week, the price of soybean oil and palm oil mainly rose. The external soybean futures market has boosted, while the soybean oil market has been supported, and palm oil has followed suit. Due to the increasing production cycle of Malay palm oil, soybean oil palm oil experienced a pullback after rising. The long and short markets are intertwined, and the overall soybean oil and palm oil market is oscillating and rising, with gains exceeding 1%. Palm oil has a relatively large increase, approaching 1.5%.

SunSirs agricultural product analysts believe that in the summer, the demand for terminal oil consumption has weakened, and Malaysia palm oil is in a production cycle, putting pressure on the rise of soybean oil palm oil market in the future.

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