SunSirs--China Commodity Data Group

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Commodity News

SunSirs: China Edible Oil Market Prices Go Up and Down on September 4

September 04 2024 13:58:05     SunSirs (Selena)

On September 4th, the benchmark price of soybean oil in SunSirs was 7,862.00 RMB/ton, an increase of 0.26% compared to the beginning of this month (7,842.00 RMB/ton).

On September 4th, the benchmark price of palm oil in SunSirs was 8,170.00 RMB/ton, a decrease of -0.12% compared to the beginning of this month (8,180.00 RMB/ton).

On September 4th, the benchmark price of rapeseed oil in SunSirs was 8,695.00 RMB/ton, an increase of 3.02% compared to the beginning of this month (8,440.00 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).

 

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