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Mysteel oils market daily: Rapeseed oil performed relatively strong, with the ZCE OI2609 breaking through the Yuan 10,000/tonne level

Source: Mysteel Jun 03, 2026 10:00
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Plant Oil Demand Price Supply
Canadian canola prices are showing a strong trend, following the rise in U.S. soybean oil prices. The market is focusing on the slow progress of Canadian canola planting and the reduction in EU rapeseed production. Meanwhile, changes in the Middle East situation have kept U.S. soybean oil prices relatively strong, and stronger Canadian canola oil prices have supported Canadian canola prices. On the domestic front, import costs for canola continue to provide support. Rapeseed oil prices have broken through the Yuan 10,000/tonne level on the exchange. Attention will be on the breakout situation above this level.

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