Soybean oil is one of the most common edible oils in the domestic market.

　　Recently, soybean oil is in the traditional peak season. The main contract price in the futures market has risen for four consecutive months, which is close to 30% from the May low. How has the spot price changed?

1

Soybean oil market volume and price rise

Spot prices rose 20% in two months

　　At 8 o'clock in the morning, the passenger flow of the Shanghai Jiangyang Agricultural Products Wholesale Market has increased. The reporter saw Master Ma who was purchasing soybean oil in the grain and oil area. Master Ma worked in a nearby restaurant and came here every day to purchase grain and oil.

　　Mr. Ma, a staff member of a restaurant in Shanghai: The price has risen drastically during this period. It was 110 yuan a barrel half a month ago, and now it has risen to 136 yuan a barrel, which is an increase of 7.8 yuan from yesterday.

Many grain and oil merchants said that entering September, soybean oil is in the peak sales season. Schools, Mid-Autumn Festival and National Day are approaching. Recently, prices and wholesale volumes have increased simultaneously.

　　Shanghai Grain and Oil Merchants: Sales have almost recovered, and the volume is still quite large now, one of which sells about 300 barrels per day.

Over the past two months, prices have increased by more than 20%.

2

Zhoushan, Zhejiang: The arrival of Brazilian soybeans has increased significantly

The average daily handling capacity reaches 20,000 tons

　　Soybeans are the main raw material of soybean oil.

At present, my country's soybeans mainly rely on imports, the main sources are Brazilian soybeans and American soybeans.

Zhejiang Ningbo Zhoushan Port is one of the main ports for my country's grain entry. Recently, the arrival of Brazilian soybeans here has increased significantly.  

　　The Laotangshan Wharf in the Zhoushan Port Area of ​​Zhejiang Province is the only bulk and grain terminal here and an important terminal for international bulk cargo inbound and unloading and load reduction.

There are two berths here, mainly for ships of 50,000 to 80,000 tons.

　　In the evening, along with the roar of machines, the entire terminal was receiving and unloading Brazilian soybeans.

　　Gu Feng, deputy captain of the third phase of the Laotangshan Wharf in Zhoushan, Zhejiang, told reporters that the number of ships calling at the port has increased significantly recently. The machinery and equipment on the wharf are almost in operation throughout the day. The daily throughput of the terminal is nearly 20,000 tons.

At the same time, in order to improve the efficiency of storage and transportation, the soybeans unloaded from the ship are transported directly to the grain and oil industry park behind the dock for storage and preliminary processing through the transportation pipeline on the bridge.

3

Soybean oil industry's supply and demand are booming

Future prices may stabilize

　　The recent increase in the quantity of soybeans arriving in Hong Kong will provide a more stable supply for the crushing and production of soybean oil.

What is the actual situation of the grain and oil crushing plant?

　　Master Zhou is the production manager of a grain and oil company in Zhoushan, Zhejiang. When the reporter met him, he was monitoring data in the control room of the soybean preliminary processing workshop.

　　His plant is directly connected to the wharf through a conveying pipeline, and the soybeans unloaded from the wharf are directly transported here for processing, and then transported to the next production line for squeezing and refining, which requires many links.

　　Master Zhou told reporters that there has been a steady stream of new orders in the factory recently, and the amount of soybeans shipped from the dock has also increased significantly. Since June, the machinery and equipment in the workshop have been operating at full capacity.

　　The relevant person in charge of the company also said that benefiting from the support of the policy, the annual turnover is expected to increase by about 50% year-on-year.

　　The person in charge told reporters that in order to cope with the large quantities of soybeans arriving in Hong Kong, the company has built 6 silos in addition to the 8 large silos that have been built.

Many companies in the industrial park are also actively expanding their factories to fully guarantee the storage and processing of arriving soybeans in Hong Kong.

　　Wu Guangjing, researcher of Guotai Junan Futures Industry Service Research Institute: The market supply of domestic terminal grain and oil products continues to be abundant, and prices are mainly based on stable operation.

We believe that the price of soybean oil is still based on the range, and the room for further sharp increases in the later period should be limited.