SunSirs: China’s Soybean Oil and Palm Oil Market Weakened on December 1

2021-12-02by admin

  On December 1, soybean oil palm oil prices remained weak overall. The average market price of soybean oil was 9,680 yuan/ton, down 3.78% from last week; the average price of palm oil was 9,760 yuan/ton, down 2.71% from last week. The external market has weakened, and the domestic market is dominated by bearish expectations. The oil futures prices have plunged. The spot prices of soybean oil and palm oil have fallen one after another due to the suppression of the futures market. Towards the end of the year, the rigid demand for fats and oils is supported, and the soybean oil palm oil market still has room to rise in the future.