SunSirs--China Commodity Data Group

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Commodity News

SunSirs: China Edible Oil Market Prices are Rising on September 20

September 20 2024 16:09:48     SunSirs (Selena)

On September 20th, the benchmark price of soybean oil in SunSirs was 7,958.00 RMB/ton, an increase of 1.48% compared to the beginning of this month (7,842.00 RMB/ton).

On September 20th, the benchmark price of palm oil in SunSirs was 8,356.00 RMB/ton, an increase of 2.15% compared to the beginning of this month (8,180.00 RMB/ton).

On September 20th, the benchmark price of rapeseed oil in SunSirs was 9,108.33 RMB/ton, an increase of 7.92% 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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