freetoplaygamestoearncrypto| Soybean oil and palm oil quotation update: the oil market fluctuated in the second quarter, with low buying suggestions

Newsletter summary

East China first-class soybean oil quotation for May delivery 0900,270Freetoplaygamestoearncrypto, June-July 09x240; South China palm oil May P240900420. Oil market stagflation adjustment, rapeseed oil due to reduced production performance is strong, P2409 horizontal finishing, waiting for MPOB report. The oil market is expected to fluctuate in the second quarter, so it is recommended to buy more low.

Text of news flash

[the domestic oil market fluctuates and adjusts, investors are concerned about the release of MPOB report and the prospect of biodiesel demand]

In the recent oil market,FreetoplaygamestoearncryptoThere is an obvious trend of stagflation adjustment, in which domestic winter rapeseed and European rapeseed production reduction news is particularly prominent, and the prices of related commodities fluctuate.

The price of first-grade soybean oil in East China presents different quotations in different pick-up periods, in which the May pick-up quotation is 0900270J June-July pick-up price is 099240J June-September pick-up quotation is 0900260. The quotations of rapeseed oil and third-grade rapeseed oil in Dongguan market are 09-120 and 09-120 respectively, and the price of three dishes from June to September is OI409-80.

In the palm oil market, the price of 24 degree palm oil in South China also varies from month to month, with the price of P240900420 in May, P240900240 on June 10 and P240900160 in July.

Investors hold a wait-and-see attitude to the demand prospect of palm oil and soybean oil as biodiesel. Due to the drag of crude oil prices, the demand prospect of biodiesel for these two oils is uncertain, so it is difficult for prices to achieve a trend rise.

The market is generally expected that the oil market in the second quarter will be dominated by interval shocks, taking into account the current supply and demand situation, market analysts tend to advise investors to adopt a low-buy strategy. At the same time, the holding strategy of vegetable palm expansion has also been concerned and discussed by the market.

In the following market developments, investors are generally concerned about the MPOB report to be released on the 10th, which has a significant impact on the palm oil market and may cause some volatility to the market.