Core Insights - The average spot price of imported rapeseed oil in China on May 7 was 9407.50 CNY/ton, which is 72.50 CNY/ton higher than the futures main contract price of 9335.00 CNY/ton [1] - The futures market for rapeseed oil closed at 9335.00 CNY/ton on May 7, with a daily increase of 1.01%, reaching a high of 9362.00 CNY/ton and a low of 9180.00 CNY/ton, with a trading volume of 435,548 contracts [2] - The total number of rapeseed oil futures warehouse receipts recorded on May 6 was 1357, remaining unchanged from the previous trading day, while the total decreased by 454 receipts over the past month, a reduction of 25.07% [3] Market Analysis - Short-term supply pressures are expected to lead to weak performance in the oilseed market, influenced by OPEC's production increase and a significant drop in international crude oil prices. Domestic oilseed prices are anticipated to follow the weak trends of external markets and international crude oil [4] - Palm oil is expected to perform relatively weakly due to the traditional production season leading to inventory accumulation and the downward pressure from external markets. In contrast, soybean oil is facing supply-demand gaps due to slow customs clearance, while rapeseed oil is expected to perform relatively strongly due to tight supply from Canadian old crops [4]
加拿大旧作供需紧张 菜籽油表现预计相对偏强
Jin Tou Wang·2025-05-07 08:32