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Mysteel China edible oils market: Weaker U.S. soybeans and lower crude oil pressure three major vegetable oils into range-bound consolidation

Source: Mysteel Jun 12, 2026 10:02
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Plant Oil Soybean Demand Price Supply
Influenced by overnight weakness in U.S. soybean oil and crude oil futures, as well as continued growth in SPPOMA production data, attention is focused on the trend of Malaysian palm oil futures. Domestic spot basis is fluctuating, market trading is relatively subdued, and the number of vessel purchases is gradually decreasing. Future arrival pressure remains high. Focus on the supply-demand fundamentals interplay.

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