Sunflower and sunflower oil trading review and analysis and forecast (Week 52, 2024)

01 Sunflower

Week 52 (December 23-December 27, 2024) The domestic sunflower price fell this week. The specific prices in each region are as follows:  

Weekly Review:

This week, domestic sunflower prices fell. Traders are bearish and dare not stock up too much, so the sales are slow, which is bad for the sunflower market. The foreign sunflower prices fell, and the import costs fell, dragging down the sunflower market. In terms of supply,

it is expected that the price of sunflowers may fall in the short term. The price of sunflowers is too high, the sales are slow, and the foreign prices of sunflowers in Russia and Ukraine are still falling, which is bad for the sunflower market. The weak prices of oilseeds such as soybeans and rapeseed dragged down the sunflower price market. Pay more attention to the foreign prices and the trend of my country's import volume in the future.

02 Sunflower oil 

Week 52 (December 23-December 27, 2024) The average price of domestic sunflower oil this week is 10,425 yuan/ton, of which the price of first-grade sunflower oil in Jiangsu is 10,600 yuan/ton; the price of first-grade sunflower oil in Xinjiang is 9,600 yuan/ton, and the price of first-grade sunflower oil in Tianjin is 10,600 yuan/ton. The prices in various regions are as follows:

Weekly Review:

This week, domestic sunflower oil prices fell again. The weakening of sunflower oil prices abroad dragged down the sunflower oil market. Some dealers reduced prices to speed up sales. In terms of supply, the supply of sunflower oil is relatively tight, and oil mills are more likely to support prices, which is good for the sunflower oil market. In terms of demand, due to the strong bearish mentality, dealers and traders are replenishing stocks on demand, which is bad for the sunflower oil market. In addition, as the Spring Festival is approaching, the demand for sunflower oil is not as high as in previous years, and the boosting effect is not obvious.

It is expected that the price of sunflower oil may remain stable next week, and the possibility of fluctuation is relatively high. The shortage of supply in the market cannot be alleviated. Russia's export tariffs in January have risen again, 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 improve, which is good for the sunflower oil market.