From April to May, the price of soybean oil was weak, but the current advantage is obvious

Gold ten futures April 26th news, due to market concerns about European rapeseed production due to freezing damage, rapeseed oil prices at home and abroad rose at the beginning of the week, which in turn led to domestic soybean oil prices rose, and then as the European weather quickly cleared and production reduction expectations weakened, rapeseed oil prices fell, domestic rapeseed oil prices also fell. < b > According to monitoring, from April to June, the average monthly volume of soybeans to Hong Kong is more than 10 million tons, and the subsequent weekly pressing volume of oil plants will remain at a high level of about 2 million tons. Soybean oil supply will increase significantly. It is expected that the price of soybean oil will run weakly in April and May. But the current soybean oil price advantage is obvious, the price of 24 degrees palm oil in coastal areas is 400~ 500 yuan/ton higher than that of first-class soybean oil, soybean oil has obvious price advantages compared with palm oil, and the end point demand increases, which will restrict the decline of domestic soybean oil prices.