According to SunSirs data monitoring, the soybean oil palm oil market in January one after another, with long and short games, soybean oil palm oil fluctuated. The price rose to its peak at the beginning of the month, began to dive in the middle of the month, and bottomed out towards the end of the month, and the market experienced twists and turns. At the beginning of the month, the average market price of soybean oil was RMB 8,666/ton, and the average price of palm oil was RMB 7,268/ton. At the end of the month, the average price of soybean oil was RMB 8,746/ton, up 0.92% from the beginning of the month; the average price of palm oil was RMB 7,282/ton, compared with the beginning of the month. Increased by 0.19%.
According to the weekly rise and fall of soybean oil from November 2020 to January 24, 2021, it can be seen that in November 2020, soybean oil has begun to show mixed weekly fluctuations, and the overall increase is still dominated. The weekly gains and losses in December were basically flat. In January 2021, soybean oil mainly rose in the first week, with an increase of 1.14%, and then began to plunge sharply for two consecutive weeks, with a drop of nearly 4% in the second week and a drop of nearly 2% in the third week. Beginning on the 25th, soybean oil ushered in a bottoming out and rebounded by nearly 5%.

According to the weekly rise and fall of palm oil from November 2020 to January 24, 2021, it can be seen that starting from November 2020, palm oil has been relatively more resilient than soybean oil. Palm oil rose for three consecutive weeks in November, and fell slightly at the end of the month. Palm oil rose for four consecutive weeks in December, stronger than soybean oil. Starting from January 2021, palm oil continued to increase sharply in the first week, and the increase was higher than that of soybean oil, exceeding 2%. The second week's decline was similar to that of soybean oil by more than 3%, and the third week's soybean oil fell by more than 2%. Like soybean oil, palm oil also ushered in a rebound at the end of the month, rising by more than 3.7%.

Long-short game January soybean oil palm oil rises and falls

After New Year's Day, the price of oils and fats on the external disk rose. Soybean oil palm oil was supported by the bullish factors in the previous period. It continued the upward trend in December. 2%.

Beginning on the 11th, the favorable factors for soybean oil palm oil have been digested by the market. The reduction in demand in the terminal catering industry is expected to increase sharply, logistics and transportation are blocked, terminal stocking prices are less than expected, negative factors hit, soy palm oil prices fell, the high platform dived, and prices fell Constantly, soy oil palm oil fell for two consecutive weeks, the overall decline was more than 5 points.

Beginning on the 25th, the market for external oils and fats rose again, Malay palm oil rose sharply, US soybeans rose, bullish support, soybean oil palm oil ushered in a bottoming rebound after the high dive, and prices rose. Soybean oil rose higher, leading palm oil to fly together. In just a few days, soybean oil rose again by 5 points, and palm oil rose by nearly 4 points.

SunSirs agricultural product analysts believe that the Spring Festival is approaching, the terminal stock market is gradually ending, the demand is fading, the soy oil palm oil market is under pressure, the external profit factor is still there, and the market outlook is still not too bearish.

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