Characteristics of purple oil open-knot varieties
1. Completely market-oriented and competitive in price.
Vegetable oil is one of the vegetable oil varieties with earlier market liberalization. The prices of leather seeds and leather oil are completely determined by the relationship between market supply and demand. Banana oil market is a completely competitive market. There are few processing enterprises in Dali, and small and medium-sized oil plants are all over the main producing areas of the city. State-owned, private and foreign oil plants and individual oil merchants have reason to purchase, process and sell rapeseed oil and vegetable oil. Inter-provincial oil refining and trade competition is very fierce, and it is difficult to form a market.
2. High yield, large weeding amount and high commodity rate.
China is the largest producer and consumer of rapeseed and vegetable oil in the world, accounting for a quarter of the ancient world output and 20% of the national vegetable oil consumption. It is the second largest vegetable oil variety in China, with a commodity rate of over 90%, and its position in the international and domestic markets is very prominent. This provides favorable conditions for the development of vegetable oil futures trading.
3. High degree of internationalization and strong linkage at home and abroad.
The import and export of vegetable oil (rapeseed) is completely liberalized without quota restrictions. All kinds of enterprises can import and export independently. Domestic supply and demand and national per capita supply and demand are basically the same.
Systematic, the price of vegetable oil is closely related to the international market, and the trend is consistent. Vegetable oil futures listed on Zhengzhou Commodity Exchange, whether imported or domestic, can be delivered as long as they meet the prescribed quality standards. So it is a variety that is in line with the international market.
4. The price fluctuates greatly and there are many influencing factors.
The fluctuation of vegetable oil price is not only affected by rapeseed planting area, rapeseed output and demand at home and abroad, but also by the prices of other oils such as soybean oil and palm tung oil. Therefore, there are many factors that affect the price, which are highly volatile, cyclical and seasonal. Since 1999, the highest grade 4 oil is 8037 yuan per ton, and the lowest is 4400 yuan per ton. Therefore, vegetable oil varieties have good investment value.
5. Concentrate production and consumption to facilitate information collection.
The provinces along the middle and lower reaches of the Yangtze River are not only rapeseed planting areas, but also vegetable oil processing and consumption areas, with tight trade, centralized information and transparent prices, which is very convenient for investors to conduct market research, collect market information timely and accurately, and make analysis and judgment.
6. The spot operation is large and the demand for hedging is high.
The production, storage and trade of vegetable oil in China are characterized by seasonal centralized processing, perennial storage and sales. Due to the serious excess processing capacity of vegetable oil processing industry, a large number of rapeseed enterprises rushed to snap up in the listing season, concentrated processing into vegetable oil, and then stored and sold all year round. If the price of vegetable oil fluctuates greatly during storage, spot enterprises will face huge market risks. For example, in 2006, the price of vegetable oil fluctuated greatly, many spot enterprises suffered serious losses, and some large enterprises closed down because they could not repay their loans. Therefore, a large number of production, management and processing enterprises urgently use the futures market to carry out hedging business.
Avoid price risk.
7. There are relevant futures varieties in the world, and the market is mature.
Rapeseed (oil) is one of the more mature futures varieties in the world. At present, there are four international exchanges listed rapeseed (oil) futures, namely Winnipeg Commodity Exchange (WCE- rapeseed futures), Euronext-rapeseed/vegetable oil futures and Yandalian futures.