SunSirs: China Edible Oil Market Prices Go Up and Down on August 27
August 27 2024 15:00:27 SunSirs (Selena)
On August 27th, the benchmark price of soybean oil in SunSirs was 7,572.00 RMB/ton, a decrease of -1.56% compared to the beginning of this month (7,692.00 RMB/ton).
On August 27th, the benchmark price of palm oil in SunSirs was 8,108.00 RMB/ton, an increase of 2.95% compared to the beginning of this month (7,876.00 RMB/ton).
On August 27th, the benchmark price of rapeseed oil in SunSirs was 8,178.33 RMB/ton, a decrease of -2.50% 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.
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