The reason for the recent rebound of soybean oil price in China and its future prospects

Introduction: last week, soybean oil and salad oil market rebounded in some parts of China This rebound was initiated by Shandong and East China at the same time On March 10, the price of secondary soybean oil in Shandong rebounded from 5700-5750 yuan / ton to 5800-5850 yuan / ton Today (March 14), the actual transaction price of secondary soybean oil in Shandong has risen to 5820-5860 yuan / ton The price of soybean salad in Shandong also rebounded from 6000 yuan / ton to about 6050 yuan / ton At the same time, crude soybean oil and secondary soybean oil also rose in East China The price of secondary soybean oil was 5750-5780 yuan / ton, crude soybean oil was 5730-5750 yuan / ton and salad oil was about 6050 yuan / ton Eyz's rising market in the above two regions has led other regions in China to rebound successively Henan's second-class soybean oil rebounded to 5950-6050 yuan / ton, soybean salad to 6150 yuan / ton, and Jiujiang's soybean salad to 6200 yuan / ton Eyz market in Dalian and North China is relatively stable At present, the market supply is limited However, affected by the reserve of Beijing Tianjin Tangshan region, the soybean oil price remains unchanged In particular, two large oil plants in Dalian have been shut down due to the lack of raw materials, and the imported soybeans will not arrive until the end of March Therefore, during this period, the supply of soyoil will be relatively tight, and the price is expected to remain stable, which may also follow a wave of rebound in Shandong and East China Due to the normal soybean oil supply in Guangdong Province and the rapid upward rush in the early stage, the price has been in the trend of rational decline However, the price is basically stable this week, and the downward trend has slowed down significantly Today, the price of soybean salad in Guangzhou is 6220 yuan / ton, Shenzhen is 6230 yuan / ton, Shantou is 6150 yuan/ T, the current trading situation is relatively normal The reasons for the rebound of soybean oil market in some parts of China are as follows: eyz 1 The soybean market of Dalian futures exchange closed up and up for two consecutive days at the beginning of this week, indicating that the current soybean market is difficult to fall for a while Eyz 2 The domestic soybean meal market is weak, while the soybean price remains high The price of imported soybean in the port is 2550-2570 yuan / ton, and the oil factory is in a state of capital guarantee or even loss, so the oil factory is very willing to raise the price Eyz 3 There are still 20 ports in Shandong Province, because only some large-scale oil and grease enterprises are operating normally About ten thousand tons of imported soybean stocks are basically used by large-scale oil plants for their own use, and the distribution volume is still small Even though the distribution price is high, many small and medium-sized oil plants have not obtained the imported soybean and have not started the operation In addition, due to the fact that the soybean crushing is on the edge of capital preservation, the oil plants are not active in crushing, and the supply of secondary soybean oil and salad oil is tight Eyz 4 This week, the CBOT soybean oil market rose significantly The soybean futures market of Dalian exchange closed for two consecutive days Domestic oil companies and dealers used this opportunity to hype, hoping to raise the price to change the current situation, and at the same time, using people's psychology of "buying up, not buying down" to stimulate demand Eyz 5 The early sales situation in East China is relatively good At present, the quantity of imported crude soybean oil is not too much At present, there are many inquiries in the market, but there are few manufacturers and traders with goods available Some salad oil refineries in Taixing and other places have stopped production because they do not import crude soybean oil The supply of soybean oil and soybean salad oil in East China is also significantly reduced Eyz looking forward to the future: in the later stage, imported soybeans will continue to be concentrated in Hong Kong, and crude soybean oil will also be imported into East China, North China and South China in recent days Therefore, domestic soybean oil and salad oil are still under pressure in the future, so the current rebound space is limited, and it is difficult to change the situation of future shocks Eyz
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