State Grain and Oil Information Center reported on January 12: On January 11, soybean oil futures prices on the Dalian Commodity Exchange fell, with the main contract closing down 0.52% to 9,114 yuan/ton. The market price of first-class soybean oil in coastal areas is 9,740-10,080 yuan/ton, down 40-100 yuan/ton from the previous day. Among them, the quotation in North China is 9740-9760 yuan/ton, the quotation in East China is 9780-9970 yuan/ton, and the quotation in South China is 9950-10080 yuan/ton. Recently, the price of soybean oil fluctuated strongly, and downstream buyers were more active in purchasing, and the transaction was acceptable.

Last week, the domestic soybean crush continued to decline, the output of soybean oil decreased, and the speed of delivery of downstream enterprises was average, which restrained the decline in soybean oil inventories. Monitoring shows that on January 10, the soybean oil inventory of major oil mills nationwide was 770,000 tons, down 10,000 tons from the same period last week, 20,000 tons month-on-month, 120,000 tons year-on-year, and 320,000 tons lower than the average of the same period in the past three years. . Soybean crush is expected to pick up in recent weeks, and short-term soybean oil stocks are expected to rise slightly.

Recently, the global palm oil market has continued to release bullish signals. The rise in palm oil prices has driven the price of related oils and fats to strengthen; the weather conditions in South America are not good, soybean production is expected to be lowered, and crude oil prices continue to rise, which also supports oil prices. From January to February, domestic soybean arrivals to Hong Kong are expected to decline, and soybean and soybean oil inventories are at a low level, which supports soybean oil spot and basis quotations. However, due to factors such as the epidemic situation, the demand for oil and fat packages before the Spring Festival this year was not as good as usual. Although soybean oil has a certain price advantage over other oils, the apparent consumption of soybean oil has declined year-on-year, suppressing the price of soybean oil. In the short term, it is difficult for the global oil and fat market to have a major negative situation. It is expected that domestic soybean oil will fluctuate at a high level with the outer disk oil.

On January 11, the main vegetable oil contract on the Zhengzhou Commodity Exchange closed slightly up 0.14% to 11,985 yuan/ton. The price of grade 4 rapeseed oil in coastal areas is 12,450-12,660 yuan/ton, and some areas are down 30-50 yuan/ton from the previous day. Among them, Nantong, Jiangsu, 12,660 yuan/ton, Fujian, Xiamen, 12,620 yuan/ton, Guangdong Zhanjiang, 12,450 yuan/ton, and Guangxi Fangchenggang, 12,450 yuan/ton.

This week, domestic oil prices fluctuated and rose, soybean oil rose even more, and the oil price difference between soybean and vegetable continued to narrow. On January 11, the main contract price difference of soybean oil 2205 was 2,871 yuan/ton, a decrease of 254 yuan/ton from a week-on-week period, a decrease of 913 yuan/ton from a month-on-month period, and a year-on-year increase of 2,030 yuan/ton; the 2209 contract price difference was 2,593 yuan/ton, a weekly The chain increased by 588 yuan/ton. The spot price difference of soybean and rapeseed oil in the coastal areas of East China was 2690 yuan/ton, a decrease of 220 yuan/ton on a week-on-week basis, a decrease of 660 yuan/ton from a month-on-month period, and a year-on-year increase of 1720 yuan/ton.