Price trend

According to the monitoring data of SunSirs, on April 7, the average price of soybean oil in the market was 10,810 RMB/ton, and the market fell.

Analysis review

During the Ching Ming Festival, the oil and fat in the outer market rose sharply. After the festival, Dalian soybean oil rose sharply after the opening, and the spot of soybean oil followed the rise. On April 7, after soybean oil rose sharply, the spot market ushered in a correction, down 0.55% in a single day.

Market outlook

Soybean oil stocks are at a low level, and there is still a rising momentum in the short term, and the price is still hopeful to return to a high level in the future.

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