The following information is provided by China JCI Consulting website http://www.chinajci.com/pro/default_oils.aspx
The price of soybean oil, market conditions, and inventory situation in oil mills provided by our website are as follows:
Heilongjiang soybean oil prices remain stable
Today, the concentrated ex-factory price of Grade 4 soybean oil in Heilongjiang area is 10,050 yuan/ton, the local Grade 3 soybean oil is reported at 10,150 yuan/ton, and the local Grade 1 soybean oil is quoted at 10,250 yuan/ton, all remained unchanged from yesterday. The main trading mode is negotiation-based pricing, with relatively light trading volume.
Jilin area soybean oil market strengthened on the back of futures
Today, the concentrated ex-factory quotation of Grade 4 soybean oil in Jilin area is 10,160 yuan/ton, and Grade 1 soybean oil is quoted at 10,360 yuan/ton, both remained unchanged from yesterday. The Grade 3 soybean oil in Siping and Liaoyuan areas is reported at 10,260 yuan/ton, with negotiable transactions. Market trading activity is light.
Liaoning area soybean oil market rose on the back of futures
Today, the concentrated ex-factory price of Grade 4 soybean oil in Liaoning area is 10,050 yuan/ton, Grade 3 soybean oil is quoted at 10,150 yuan/ton, and Grade 1 soybean oil is quoted at 10,250 yuan/ton, up by 50 yuan/ton from yesterday. The negotiated transaction price for Grade 1 soybean oil is around 10,230 yuan/ton, with less-than-ideal terminal sales.
Tianjin area soybean oil market strengthened on the back of futures
Today, the oil mill quotations for Grade 4 soybean oil in Tianjin area range from 9,950 to 10,000 yuan/ton, and Grade 1 soybean oil is quoted at 10,150 to 10,200 yuan/ton, up by 50 yuan/ton from yesterday. Negotiated transaction prices can be slightly lower. Yesterday, about 1,500 tons of Grade 1 soybean oil were traded in Tianjin at a price of 10,030 yuan/ton, and about 1,200 tons of Grade 4 soybean oil were traded at a price of 9,900 yuan/ton.
Shandong area soybean oil quotations adjusted upward on the back of futures
Today, Shandong area oil mills quote Grade 4 soybean oil at 9,900 yuan/ton, and Grade 1 soybean oil is quoted at 10,100 to 10,120 yuan/ton, up by 20 to 40 yuan/ton from yesterday, with some higher quotes. Negotiated transaction prices are the main ones. Yesterday, about 3,800 tons of Grade 1 soybean oil were traded locally at a price of 10,050 yuan/ton.
Jiangsu area soybean oil quotations rose on the back of futures
Today, Jiangsu area quotes Grade 4 soybean oil at 10,000 yuan/ton, and local Grade 1 soybean oil is reported at 10,200 yuan/ton, up by 50 yuan/ton from yesterday. Transaction prices can be negotiated. Yesterday, about 2,000 tons of Grade 1 soybean oil were traded locally at a price ranging from 10,050 to 10,080 yuan/ton.
Zhejiang area soybean oil quotations rose
Today, Zhejiang area oil mills quote Grade 4 soybean oil at 10,000 yuan/ton, and Grade 1 soybean oil is quoted at 10,200 yuan/ton, up by 50 yuan/ton from yesterday. Negotiated transaction prices can be slightly lower, with less-than-ideal shipping conditions.
Guangdong area soybean oil market quotations stabilized with a slight increase
Today, Guangdong area oil mills quote Grade 4 soybean oil at 9,750 yuan/ton, and Grade 1 soybean oil is quoted at 9,950 yuan/ton, up by 50 yuan/ton from yesterday. Transaction prices are negotiable. Yesterday, about 4,000 tons of Grade 1 soybean oil were traded locally at a price of 9,900 yuan/ton.