News of the day
Inventory reconstruction was slow, and soybean oil inventory in oil plants declined slightly.
The expansion pressure of soybean meal will ease, and the factory operating rate will remain high in the short term, which will be negative for the spot market. However, the current domestic soybean oil inventory is much lower than the same period last year. In addition, shipping schedule statistics show that the arrival of soybeans in September was 6.774 million tons, a decrease of 300,000 tons from last month. Under the background of insufficient arrival of soybeans, soybean oil production is limited, and it takes time to rebuild stocks. According to the monitoring data, by the end of the 36th weekend in the 22nd year, the stock of soybean oil in domestic oil plants was 793,000 tons, down 0.6 thousand tons from last week. (China Grain and Oil Business Network)
Variety basis
According to the flush iFinD data:
On September 6th, the spot price of primary soybean oil in each region was 10453.33 yuan/ton, which was 895.33 yuan/ton higher than the main futures price (9558.00 yuan/ton).
On August 30th, the port inventory of soybean oil recorded 636,000 tons, an increase of 24,000 tons over the previous trading day.
Institutional point of view
Huatai Futures: The follow-up market of the three major oils is still dominated by shocks.
In August, the three major oil markets fluctuated greatly and weakened. At the beginning of the month, palm oil continued to decline under the influence of Indonesia's policy of exempting palm oil export tariffs. However, according to GAPKI data in mid-month, Indonesia's palm oil inventory decreased to 6.68 million tons in June, palm oil production rose to 3.62 million tons, and palm oil export rose to 2.33 million tons. At the same time, MPOB data shows that Malaysian palm oil production in July was 1 1,573,560 tons, an increase of 1.84% from the previous month. Palm oil exports 132 1870 tons, an increase of10.72% from the previous month; Palm oil imports 1306 15 tons, up120.65% from the previous month; Palm oil inventory 1772794 tons, up 7.7 1% from the previous month. Although it has increased, it is not as good as the market expectation, which provides some support for palm oil. The three major oil prices rebounded under the guidance of horseshoe prices. At the end of the month, macro factors occurred frequently, commodities generally fell, and oil was under pressure. In the market outlook, although the reduction of Indonesia's export tax led to an increase in export supply and the seasonal increase in Southeast Asia's output, which brought some negative factors to the market, Indonesia's inventory reduction never reached expectations, and horse palm production also entered a bottleneck. Moreover, the three major domestic oil inventories all hit record lows, the prices were at a low level, and the demand for replenishment continued, which brought some support to the market. At the same time, the fear of soybean production reduction in the United States under the influence of extreme weather also provides sufficient safety margin for soybean oil, so the three major oils follow the market.
Related Q&A: Today's trend chart of national soybean oil. Today's trend of national soybean oil is relatively good, and it has been on the rise. 1, since 20 1 1 year, the price of soybean oil has risen rapidly in China. The rise of edible oil price is regulated by the state, which also inhibits the increase of soybean oil price. After receiving some subsidies from the state for low-cost soybeans, the quotation in the terminal market has not increased, and even some products have been reduced under the pressure of the international situation, but the life of small and medium-sized enterprises is very sad. 2. The soybean market has fluctuated greatly in the past two years. The domestic market and the international futures market have always been closely related, and the price often fluctuates greatly. In particular, international speculation and speculation have intensified this fluctuation, which has brought difficulties to the normal operation of enterprises. The soybean pressure industry in China is forming 40% foreign-funded enterprises, 23% state-owned enterprises and 37% private enterprises. The weak situation of soybean processing enterprises has been contained to a certain extent. With the development and growth of private enterprises, the situation of tripartite confrontation has been one day. 3. Soybean oil is an oil extracted from soybean. It is often called "soybean salad oil". It is one of the most commonly used edible oils. The longest shelf life of soybean oil is only one year. The better the quality of soybean oil, the lighter the color, light yellow, clear and transparent. There is no sediment, no bean smell, and high-quality soybean oil with a temperature below zero degrees Celsius will have oil crystals. 4. Soybean oil is one of the most commonly used edible oils in the world. It is one of the main edible oils for our people, especially northerners. Soybean oil is rich in various valuable nutrients. It must be kept fresh after refined oil. Soybean oil is darker in color, and when it is hot, fried vegetables are easier to soak. Soybean oil on the market is mostly refined oil, which is suitable for cooking. : 1, soybean oil is also called soybean oil. As the name implies, it is treated as soybean. It is mainly produced in Northeast China, North China, East China and South China. Compared with other oil raw materials, the oil content of soybean is only16% ~ 24%. In order to achieve the maximum benefit, manufacturers usually use leaching method to obtain most of the oil in soybeans during pressing. Therefore, most soybean oil on the market is oil produced by leaching. With the soybean raw material market full of different types of genetically modified soybeans, when choosing soybean oil, you can also read the label carefully to know whether genetically modified soybeans are used as raw materials for products, so as to make more reasonable choices. 2. In addition to fat, soybean oil also brings some non-oil substances during processing. Unrefined crude oil contains1%-3% phospholipids, 0.7%-0.8% sterols and a small amount of protein and wheat germ phenol, which is easy to cause speed. Therefore, soybean oil is not suitable for long-term storage if it is not hydrated to remove impurities. In addition, during long-term storage, the color of refined soybean oil will gradually change from light to dark, which may be related to the automatic oxidation of oil. Therefore, when the color of soybean oil darkens, it is not suitable for long-term storage. I hope I can help you.