市场多空因素交织 菜籽油期货近期维持窄幅震荡

Core Viewpoint - The main focus is on the recent fluctuations in canola oil futures prices, which have shown a slight increase, and the market's response to various external factors affecting supply and demand dynamics [1][2]. Group 1: Market Performance - On September 11, canola oil futures experienced a rise, reaching a peak of 9897.00 yuan, closing at 9893.00 yuan with a gain of 0.71% [1]. - The canola oil futures price is primarily influenced by the fluctuations in competing oil products [2]. Group 2: Supply and Demand Dynamics - Current canola oil inventory levels remain high, leading to subdued market transactions, while the outcome of the China-Canada trade negotiations is still unclear [2]. - The harvest season for Canadian canola is approaching, which may exert pressure on prices due to increased supply, alongside China's temporary anti-dumping measures on Canadian canola imports [2]. - Domestic consumption of vegetable oils is expected to remain weak, limiting the impact of seasonal demand increases, while oil mills are operating at low capacity, reducing production pressure on canola oil [2]. Group 3: External Influences - The Canadian government is considering easing tariffs on electric vehicles to mitigate potential Chinese tariffs on canola imports, which could affect canola prices [2]. - U.S. legislative efforts to alter renewable fuel obligations are impacting soybean oil futures, which in turn affects domestic vegetable oil market sentiment [2].