On August 19th, the benchmark price of soybean oil in SunSirs was 7,424.00 RMB/ton, a decrease of -3.48% compared to the beginning of this month (7,692.00 RMB/ton).

On August 19th, the benchmark price of palm oil in SunSirs was 7,792.00 RMB/ton, a decrease of -1.07% compared to the beginning of this month (7,876.00 RMB/ton).

On August 19th, the benchmark price of rapeseed oil in SunSirs was 7,933.33 RMB/ton, a decrease of -5.42% compared to the beginning of this month (8,388.33 RMB/ton).

Application of SunSirs Benchmark Pricing

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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