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2026-07-14 19:26:13
[Soybean Oil Transactions Surge More Than Triple, But Absolute Volume Still Far Below Last Week's Average] ⑴ On Tuesday, the national transaction volume of first-grade soybean oil reached 14,800 tons, a surge of 362.5% compared to the previous trading day, marking the second consecutive day of increased volume and ending the extreme sluggishness of the previous two days. ⑵ Monday's transaction volume was only 3,200 tons, although the increase was as high as 814% compared to the previous week, the base was extremely low, and the absolute value was still in the low range; while Tuesday's 14,800 tons, although a significant jump compared to the previous week, is still far from the weekly average of 33,010 tons last week. ⑶ Reviewing last week's transaction rhythm, the volume surged to 45,800 tons at the beginning of the week, then gradually declined, reaching a low of 350 tons on Wednesday. Although there was some recovery on Thursday and Friday, it never returned to the high level at the beginning of the week, reflecting the obvious pulse-like characteristics of downstream procurement. (4) Current transaction volume is in the low to mid-range, still some distance from the platform level after the surge in volume at the beginning of the week. End-users and traders are not strongly inclined to replenish their inventories amid price fluctuations, and the wait-and-see attitude has not completely subsided. (5) Going forward, attention should be paid to whether the 14,800-ton surge in volume can continue or further increase on Wednesday. If transaction volume fails to return to above 20,000 tons, Tuesday's rebound should be viewed more as a short-term sentiment recovery rather than a signal of a trend-based recovery.
