Vegetable oil bullish factors
2013-08-26 by seoer9
Local vegetable oil spot prices fell, extending the focus slowly down trend. Purely domestic rapeseed oil in the raw material cost of support, price stability, there is no market price. The next few weeks, the domestic vegetable oil spot prices will remain vulnerable to run. First, by the domestic vegetable oil plant on the environment. Two temporary storage of vegetable oil is released by the pressure. Third, the new season of Canada rapeseed import costs decline, imports of rapeseed oil by folding costs will fall. However, because the reservoir is clear vegetable oil reserve price, the domestic vegetable oil spot prices down space is limited. Bullish factors: First, the current palm oil import costs and Ports selling price upside down, on the domestic palm oil prices have a certain support. Second, since last year, palm oil equipment a vegetable oil market to go abroad weakest species, with soybean oil and vegetable oil spreads are at historically high levels, which will make the market for palm oil is not expected downward space.