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Mysteel oils market daily: Oil prices fluctuated downward in the night session as the market reacted to the U.S.-Iran truce

Source: Mysteel May 08, 2026 09:49
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Plant Oil Soybean Demand Price Supply
Prices are following the overall weaker trend in vegetable oils. Spot market basis continues to soften. New transactions for JuneSeptember delivery have been occurring, but trade market prices remain low. From a regional price spread perspective, East China currently offers relatively better value. The Y2607-2609 spread continues to narrow, as the delivery benchmark is located in the north, where there are no export or reserve replenishment themes, resulting in a generally weaker outlook.

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