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Why is cooking oil falling?
In April, a new trend appeared in the domestic oil market: soybean meal, cotton meal and other meal products.

It rises and then rises, while the prices of edible oils such as soybean oil and cottonseed oil fall and then fall, which is more obvious because the price of palm oil is lower.

Affected by sluggish demand and sluggish demand, the lowest transaction price of crude soybean oil in Tianjin has reached 5720-5730 yuan/ton, while in Shandong.

The secondary soybean oil in East China and South China also dropped to about 5750 yuan/ton, and the price of bean salad in most parts of China was on the high side.

Below 6000 yuan/ton; Under the pressure of soybean oil market, the price of cottonseed oil also fell, Jingzhou, Hubei Province.

The price is 5600 yuan/ton, Henan Xinxiang 5660 yuan/ton, Shandong Dezhou 5620 yuan/ton, Shandong Zouping.

Area 5600 yuan/ton, Shanxi Yuncheng area 5900 yuan/ton, mostly between 30-50 yuan/ton.

Analysis on the factors of decreasing edible oil price;

South American soybeans with lower prices are expected to arrive in Hong Kong in late April.

Due to the tight transportation in South America, soybean farmers may be reluctant to sell. It is said that a large number of South American soybeans may come to Hong Kong.

A month's delay. However, the above news has yet to be confirmed, and it is an indisputable fact that South American soybeans began to arrive in Hong Kong in late April.

The fact is that even if the above news is confirmed, there are still a small number of cheaper South American soybeans coming to Hong Kong. How many/much?

It will also have an impact on the decline of soybean oil and even edible oil prices.

Second, the temperature rises, and palm oil forms an impact.

Recently, the international price of palm oil has fallen repeatedly, which provides a good opportunity for China importers to purchase in the market.

According to statistics, China purchased 300,000 tons of palm oil in March and 200,000 tons of palm oil in April.

Tons. At present, a large number of palm oil imported from coastal ports are arriving in Hong Kong, and it is expected that the amount of palm oil will increase in the later period.

Since the beginning of April, the temperature has generally increased, and the highest temperature in some places has reached 25℃.

The use of oil is increasing. In some fields, it can replace soybean oil and even be used to blend soybean oil and salad oil.

Other edible oils are not suitable for domestic consumption because of their low price (at present, there is a price difference advantage of 1000 yuan/ton with soybean oil).

The influence of oil consumption will become more and more obvious, which will inevitably drag down the overall price of edible oil.

Third, imported soybean oil keeps arriving at the shore.

At present, South American soybean oil has begun to arrive in Hong Kong, and the import cost is more than 300 yuan/ton lower than the domestic current price.

According to the news of CNGOIC, China's soybean oil import will reach 6.5438+0.5 million tons this year, and the import volume in the later period is huge, so,

The impact of imported soybean oil on domestic edible oil should not be underestimated, and it is expected to suppress the market outlook.

Fourth, rapeseed harvest pressure.

This year, the sown area of rapeseed in China reached 8.2 million hectares, an increase of 9.2% over last year, and rapeseed in various places also increased.

Generally speaking, the rapeseed output is expected to exceed120,000 tons this year, an increase of 17.8% over last year. According to observation,

Early-maturing varieties in some areas can be harvested in a few days after 10, that is, around the end of April, and can be listed in large quantities in early May.

Seed harvesting pressure will be formed in the near future, which will push down the domestic edible oil price.

Five, the national petroleum reserve for the library.

At present, the domestic prices of soybean oil and vegetable oil are high, which makes the national reserve oil rotate and supplement with imported soybean oil.

The library is a good opportunity. Oil plants and national storage depots all over the country have made full use of this opportunity and launched the discharge and inventory of tanker trucks in the national storage.

The selling of edible oil will be beneficial to the continuous decline of domestic edible oil prices.

Six, edible oil consumption has no obvious growth trend.

With the general improvement of people's living standards, except for holiday factors, edible oil consumption is relatively stable.

Consumption may increase, but it is impossible to increase or decrease consumption because of high or low prices, which is undoubtedly the downturn of domestic oil.

A severe blow to the market.

In short, with the downward adjustment of edible oil market, oil plants need to increase the price of meal products to ensure profits, and meal

The continuous increase in the prices of such products also provides room for the downward adjustment of edible oil prices. Recently, the price of domestic oil meal products has reversed.

This depressed trend will continue. It is worth paying attention to the rumor that "South American soybeans will be delayed for one month". If this

If the news is confirmed, the price comparison time of oil meal products will be longer.