Sunflower and sunflower oil trading review and analysis (Week 48, 2024)

01 Sunflower

Week 48 (November 25-November 29, 2024) This week, domestic sunflower prices continued to rise. The specific prices in each region are as follows:

Weekly Review:

This week, domestic oil sunflowers continued to perform strongly. Due to the high price, the arrival volume of oil sunflowers was small, and there was a shortage in the domestic market. The supply was tight, which was good for the oil sunflower market. In terms of demand, the sales speed of local oil sunflowers in Xinjiang was acceptable, and the prices of imported sunflower kernels and raw kernels were high. Traders were waiting and watching, and the sales speed was slow, which was bad for the oil sunflower market. The price of foreign oil sunflowers fell, and the import cost fell, dragging down the oil sunflower market.

It is expected that the price of oil sunflowers may fall in the short term. The price of oil sunflowers is too high, the sales speed is slow, and the foreign price of oil sunflowers has dropped sharply, which is bad for the oil sunflower market. The decline in the prices of oilseeds such as soybeans and rapeseed has dragged down the price of oil sunflowers. Pay more attention to the foreign price and the trend of my country's import volume in the later period.

02 Sunflower oil

Week 48 (November 25-November 29, 2024) The average price of domestic sunflower oil this week is 11,008 yuan/ton, of which the price of first-grade sunflower oil in Jiangsu is 11,200 yuan/ton; the price of first-grade sunflower oil in Xinjiang is 10,000 yuan/ton, and the price of first-grade sunflower oil in Tianjin is 11,250 yuan/ton. The prices in various regions are as follows:

Weekly Review:

This week, the domestic sunflower oil price is relatively stable. The main reason is that the foreign market price of sunflower oil is relatively stable, and the domestic oil market is weak, so the market price of sunflower oil is temporarily stable. The cost of sunflower oil and oil sunflower to foreign ports is relatively high, resulting in an inverted price, which leads to a short-term domestic supply, which is good for the sunflower oil market. In terms of demand, due to the shortage of goods in the market, traders are actively looking for sources. Since the prices of soybean and rapeseed oil are still falling this week, some oil mills are fluctuating and adjusting in a narrow range, traders dare not easily start, and the overall sales speed is average, which suppresses the price of sunflower oil.

It is expected that the price of sunflower oil will continue to run strongly in the short term, and the shortage of supply in the market will not be alleviated. Russia's import tariffs will rise in December, supporting the sunflower oil market. It is about to enter the Spring Festival stocking stage. It is expected that the demand for sunflower oil will be strong, which is good for the sunflower oil market, so the possibility of a price reduction of sunflower oil is not great.