Rehabilitation for rapeseed market since the market is showing a significant weak structure forced oil meal, vegetable oil and rapeseed parity by the 1401 contract in early June about 4.31 all the way down to 3.49, a decline of nearly 20%. Subject to policy guidance, rapeseed oil extraction sought after as an object, squeezing profits always provoke "beam", and vegetable oil has become a "rescue" the one. As Grain improved pricing rapeseed this year to 2600 yuan / ton over the previous year increased by 25% -30%, making the price of rapeseed meal willingness to return to the spot greatly enhanced, especially in the last month 1309 contracts in a firm 2600 yuan / ton After pulling up all the way, the recent rapid rise to 2750 yuan / ton at the top, and showed nearly far weaker features.
Currently, Hubei, Anhui and other places rapeseed offer has reached 2900 yuan / ton, Guangdong and Guangxi region plus domestic seed meal oil refinery in 3100-3200 yuan / ton, due to supply less than normal, goods right focus, the spot price is expected to remain strong, will form on the futures upward traction in recent months. And pulp demand is in the summer season of aquaculture, sales are still protected coastal areas 7-8 month contract has been basically sold out, which is expected to boost futures contracts to maintain a strong state 1309, the trend in stark contrast with the vegetable oil.