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2026-07-13 19:10:10
[Soybean Oil Transactions Rebound After Plunging to Low Levels, Weekly Total Decline Significantly] ⑴ On Monday, the national transaction volume of first-grade soybean oil reached 3,200 tons, a significant increase of 814.29% compared to the previous trading day. However, the absolute volume remained extremely low, indicating a generally weak market sentiment. ⑵ Last week, soybean oil transactions showed a declining trend, starting at 50,700 tons on July 7th and subsequently falling to 350 tons on July 10th, a single-day drop of 96.73%, reaching a recent low. ⑶ The average weekly soybean oil transaction volume was approximately 33,010 tons, but due to the extreme contraction in the latter half of the week, the total weekly transaction volume significantly declined compared to the previous normal range, reflecting a temporary weakening of downstream restocking intentions. ⑷ Although Monday's transactions surged compared to the previous week, the low base limited the significance of the increase. The absolute volume of 3,200 tons remained far below the weekly average, indicating insufficient buying interest in the spot market. (5) Going forward, we should pay attention to changes in the operating rate of oil plants and whether the pace of pre-holiday stockpiling by end users can drive a steady recovery in transactions. If transaction volume continues to hover at a low level, the soybean oil basis and the price of near-month contracts may be under pressure.
