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A Glance of China Edible oils Market Weekly 20260407

Source: Mysteel Apr 08, 2026 14:29
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Plant Oil Soybean Demand Price Supply
Last week, domestic soybean oil and palm oil experienced volatile fluctuations, with overallmarket sentiment largely driven by geopolitical tensions in the Middle East and sharp movementsin international crude oil prices, resulting in high volatility in the vegetable oil sector. Spot marketperformance diverged. Soybean oil saw a continued strengthening of its basis due to scheduledmaintenance shutdowns at domestic crushing plants and an anticipated decline in crush volumesin April. In contrast, palm oil faced a weaker basis despite strong export performanceinternationally, weighed down by high domestic inventories and sluggish terminal demand. Looking ahead to next week, the oils market is expected to remain influenced by crude oil pricemovements and the final outcome of U.S. biofuel policy (RVO).

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