The price of palm oil in Tianjin Rowen was stable or slightly higher than yesterday. The price of palm oil at 24 degrees was 6,700 yuan, that at 28 degrees was 6,520 yuan, that at refined 18 degrees was 6,850 yuan, that at 18 degrees was 6,700 yuan, and that at 33 degrees was 6,620 yuan. The actual transaction was negotiable. Tianjin Zhongfang palm oil with 24 degrees is 6700 yuan, and palm oil with 18 degrees is 6850 yuan. The transaction is negotiable.
There are not many transactions of soybean palm oil in Zhangjiagang, and the price of soybean oil has increased. Among them, the price of first-class soybean oil in the East China Sea is 7550 yuan/ton, which is 50 yuan/ton higher than yesterday. Palm oil is stable, the price of 24 degrees is 6650 yuan/ton, the price of 18 degrees is 6750 yuan/ton, the price of 16 degrees is 6800 yuan/ton, and the price of decolorization is 150 yuan/ton. At present, the transaction price is negotiable.
The prices of palm oil of different grades in Jingjiang Rowen basically remained at yesterday’s level, including 18 degrees at 6850 yuan/ton, 28 degrees at 6550 yuan/ton, 16 degrees at 6750 yuan, and refined at 6900 yuan. The actual transaction is negotiable.
The spot market trend of palm oil in Yizheng area is stable. Due to the slow shipment and the inability to increase the price, the prices of palm oil in Yizheng Fangshun are basically unchanged compared with yesterday, including 6680 yuan/ton for 24 degrees, 6800 yuan for refining, 6550 yuan for 28 degrees, 6650 yuan for 33 degrees, 6800 yuan for 14 degrees, 6900 yuan for refining, 6720 yuan for 18 degrees and 6820 yuan for refining.
The price of 24-degree palm oil of Guangzhou traders is 6610-6620 yuan/ton, which is basically the same as yesterday’s price. The total inventory of palm oil in the port is as high as more than 170,000 tons, and the short-term market will still be subject to huge inventory. It is expected that the spot price will rise more difficultly.
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