Rapeseed oil is the downstream product of rapeseed meal, and about 0.38 tons of rapeseed oil and 0.6 tons of rapeseed powder can be extruded per ton of rapeseed oil. The prices of rapeseed oil and rapeseed meal are closely related. Rapeseed meal is mainly used for fresh water culture, and it is difficult for other rapeseed meal varieties to replace rapeseed meal. If the benefit of freshwater aquaculture in China is good, the consumption of rapeseed meal will increase, the price of rapeseed meal will rise, the purchase price of rapeseed oil will be boosted, the operating rate of oil plants will increase, the supply of rapeseed oil will increase and the price will drop. When rapeseed meal is unsalable, the oil factory will reduce the operating rate, the output of rapeseed oil will decrease, and the price of rapeseed oil will usually rise. In addition, spot enterprises have a higher awareness of the futures market, a greater demand for hedging, and a wide range of participants. In addition, the rapeseed oil futures market has great development potential.
On June 8, 2007, seed oil futures were listed in Zhengshang Stock Exchange. As the largest producer and consumer of rapeseed oil in the world, rapeseed oil futures have broad market demand and development prospects in China. At the same time, it is of great practical significance to adjust agricultural planting structure, protect farmers' income and hedge the healthy development of oil spot enterprises and oil industry. Judging from the present situation of rapeseed oil production and marketing in China, rapeseed oil production and marketing is moderate, production and marketing areas are concentrated, there are many influencing factors, and the quality is easy to standardize. In addition, rapeseed oil futures is a better listed variety.
Jiangsu Zhangjiagang, Nantong, Hubei Wuhan and other key areas of rapeseed oil processing and consumption and cities along the Yangtze River have become the main distribution centers of rapeseed oil, which helps investors to accurately and timely search supply and demand information, predict market prices, locate futures delivery areas, and facilitate the transaction supervision of futures delivery business. The prices of rapeseed oil and other petroleum products are influenced by domestic and foreign markets. As an oil pan, soybean oil, rapeseed oil and palm oil interact and are closely connected. In China, there is a certain substitution between different oils. The price of rapeseed oil is too high, and refineries or oil companies often use other vegetable oils to replace or blend, which leads to a decline in demand for rapeseed oil and a decline in the price of rapeseed oil. Secondly, put rapeseed oil into the whole oil pan for analysis, and pay close attention to the market theme and the price difference of the three oils.