SunSirs: China Edible Oil Market Prices Rise and Fall on September 18
September 18 2024 14:52:16     SunSirs (Selena)On September 18th, the benchmark price of soybean oil in SunSirs was 7,740.00 RMB/ton, a decrease of -130% compared to the beginning of this month (7,842.00 RMB/ton).
On September 18th, the benchmark price of palm oil in SunSirs was 7,996.00 RMB/ton, a decrease of -2.25% compared to the beginning of this month (8,180.00 RMB/ton).
On September 18th, the benchmark price of rapeseed oil in SunSirs was 8,895.00 RMB/ton, an increase of 5.39% 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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