SunSirs--China Commodity Data Group

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Commodity News

SunSirs: China Edible Oil Market Prices are Up and Down on November 8

November 08 2024 15:03:01     SunSirs (Selena)

On November 8th, the benchmark price of soybean oil in SunSirs was 8,810.00 RMB/ton, an increase of 4.06% compared to the beginning of this month (8,466.00 RMB/ton).

On November 8th, the benchmark price of palm oil in SunSirs was 10,010.00 RMB/ton, an increase of 5.64% compared to the beginning of this month (9,476.00 RMB/ton).

On November 8th, the benchmark price of rapeseed oil in SunSirs was 9,456.67 RMB/ton, an increase of 0.21% compared to the beginning of this month (9,436.67 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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