According to the monitoring data of SunSirs, since November, the soybean oil palm oil has been in a high volatility as a whole, the price has risen and fallen sharply, hitting record highs repeatedly, and the price of palm oil has surpassed that of soybean oil, continuing to be the first line of ten thousand yuan. The average market price of palm oil at the beginning of the month was RMB 10,330/ton, and at the end of the month was RMB 10032/ton. The price dropped by 2.88%. The average market price of soybean oil at the beginning of the month was 10,520 yuan/ton, and the average price of soybean oil at the end of the month was 10,060 yuan/ton, a drop of 4.37%.

At the beginning of the month, soybean oil palm oil was still at the 10,000 yuan line. Due to the increase in rigid demand in the fourth quarter, the low inventory and the tight supply. Coupled with continued positive news, soy oil and palm oil futures spot prices often rose sharply. Due to the excessively high price, the transaction declined, and the soybean oil palm oil rose rationally after the rebound, and the price was suppressed. Due to the renewed rumors of oil dumping and storage, soybean oil palm oil staged a sharp decline. From the 3rd to the 9th, soybean oil fell 9.83%, and palm oil fell 8.72%.

In the middle of the month, soy oil palm oil reopened the market to rise sharply. This round of increases is mainly due to the fact that Malaysian palm oil is in the production cut cycle, the supply is tightening, the external palm oil market has risen sharply, and the domestic palm oil futures price has risen. The spot price rose with the market. The palm oil futures price exceeded the soybean oil futures price. The palm oil spot price also surpassed the soybean oil price at one time, as high as 10,400 yuan/ton. Ranked high in history. From the 10th to the 19th, soybean oil rose by 5.86% and palm oil rose by 7.61%.

Near the end of the month, soybean oil palm oil entered a callback period again, and the price continued to fall weakly. The bullish factors materialized, the price was too high, and the market was bearish. Because the price of palm oil was too high, the decline was relatively large, and the resistance of soybean oil was relatively stronger. From 22nd to 26th, soybean oil fell 0.4%, and palm oil fell 2.51%.

SunSirs agricultural product analysts believe that the rigid demand for fats and oils increases, and there is still room for growth in soybean oil and palm oil in the future.

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