SunSirs--China Commodity Data Group

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Commodity News

SunSirs: China Edible Oil Market Prices are Rising on October 10

October 10 2024 15:13:11     SunSirs (Selena)

On October 10th, the benchmark price of soybean oil in SunSirs was 8,270.00 RMB/ton, an increase of 0.56% compared to the beginning of this month (8,224.00 RMB/ton).

On October 10th, the benchmark price of palm oil in SunSirs was 8,930.00 RMB/ton, an increase of 2.69% compared to the beginning of this month (8,696.00 RMB/ton).

On October 10th, the benchmark price of rapeseed oil in SunSirs was 9,446.67 RMB/ton, an increase of 0.14% compared to the beginning of this month (9,433.33 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).

 

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