Price trend

According to the monitoring data of SunSirs, on June 21, the average market price of soybean oil was 11,500 RMB/ton, and the average market price of palm oil was 13,770 RMB/ton.

Analysis review

After the Dragon Boat Festival, soybean oil and palm oil started a full-scale diving mode, and the price continued to fall. The overall price of soybean oil fell by more than 8%. The mainstream quotation fell to 11,500 RMB/ton. The overall price of palm oil fell by more than 13%, and the mainstream quotation fell to 13,700 RMB/ton.

This round of soybean oil and palm oil prices fell one after another, mainly due to the decline in the export data of Malaysian palm oil, the poor export data of Indonesian palm oil, and the weakening of terminal oil demand, and the soybean oil and palm oil market plunged together.

Market outlook

The negative factors are exhausted, and the decline in soybean oil and palm oil is expected to slow down in the market outlook.

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