The following information is provided by the China Huiyihuiyi Consulting website http://www.chinajci.com/pro/default_oils.aspx
The palm oil prices and market trends provided on our website are as follows:
Tianjin Palm Oil Market Trend - Horizontal
Today, the factory price of 24-degree refined palm oil at Tianjin Port is quoted between RMB 8,750-8,800/ton, unchanged from yesterday. Actual transactions are mainly based on negotiated pricing, with relatively sluggish terminal transactions.
Rizhao Port Palm Oil Market Trend - Slightly Strengthening
Today, the regional price of 24-degree refined palm oil at Rizhao Port in Shandong Province is quoted at RMB 8,780/ton, up RMB 30/ton from yesterday. Transactions can be negotiated, with slow sales.
Zhangjiagang Palm Oil Market Trend - Strengthening
Today, the factory price of 24-degree refined palm oil in Zhangjiagang, Jiangsu Province is quoted at RMB 8,800/ton, up RMB 50/ton from yesterday. Actual transactions are mainly based on negotiated pricing, with unsatisfactory terminal sales.
Ningbo Port Palm Oil Market Trend - Stable
Today, the reference price for secondary refined 24-degree palm oil at Ningbo Port in Zhejiang Province is quoted at RMB 9,050/ton, unchanged from yesterday, with sluggish transactions.
Guangdong Region Palm Oil Price Adjustment - Increased Transactions
Today, the factory price of 24-degree refined palm oil in the main ports of Guangdong Province is quoted at RMB 8,550/ton, up RMB 50/ton from yesterday. Transactions can be negotiated. Yesterday, about 10,500 tons of 24-degree palm oil were traded locally at a price range of RMB 8,450-8,500/ton.
Shanghai
Shanghai Region Oils Market Trend - Strengthening According to the Market
Today, the centralized ex-factory price of grade-four soybean oil in Shanghai is quoted at RMB 9,950/ton, with local grade-one soybean oil quoted at RMB 10,150/ton, up RMB 50/ton from yesterday. Transaction pricing can be lowered, with a quiet market trading atmosphere and corn inventory.
Meanwhile, the import price of 24-degree refined palm oil is quoted at RMB 8,800/ton, up RMB 50/ton, with transaction pricing mainly based on negotiation.