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China Oils Market Review:Long positions took profits and liquidated, leading to a pullback in soybean oil prices.

Source: Mysteel Feb 02, 2026 09:05
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Plant Oil Soybean Demand Price Supply
Night session edible oil futures prices fluctuated, with soybean oil showing relatively weaker performance, closing at Yuan 8,306 /ton in the Friday night session. Long positions in edible oils took profits and closed out, leading to a short-term pullback. On the spot side, due to improved crushing margins for forward months, crush plants actively promoted sales for JuneSeptember and AprilMay delivery, while traders with short positions replenished post-holiday orders. It is expected that the tight supply situation after the Chinese New Year will ease to some extent.

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