Most domestic oil companies will resume production in the near future
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: according to traders and analysts on Monday, according to traders and analysts on Monday, with the gradual recovery of squeezing profits, more domestic soybean crushers will continue to resume production after several months of shutdown The squeezing profit of imported soybeans in most regions of Jxx increased from 10 yuan / ton a week ago to 40-90 yuan / ton In East China, due to the strong price of soybean products and the decrease of raw material cost, the profit recovery of squeezing is the fastest However, if the speed of production recovery is too fast and the quantity is too large, the profit may be reduced again In the past few weeks, the supply of soybeans in China has increased significantly due to the unloading of more stagnant ships, which has lowered the market price In addition, the government's selling of State Reserve soybeans in Harbin also helped some of the crushers in the northeast to resume production A dealer in Shanghai from Jxx national grain, oil and food import and export company said that the crushers in South China are trying to use the huge profits to restore production The Mid Autumn Festival is coming and will be followed by the National Day holiday, so it is expected that there will be huge consumption space in the next few weeks, which is also the driving force for pressing to quickly resume production People seem to forget for a moment that there may be a shortage of soybeans in the next quarter People will celebrate the Mid Autumn Festival on September 11, and then spend another week of national day from October 1 The demand for edible oil and oil meal will increase significantly during the double festival According to Jxx, the Ministry of agriculture may issue a new safety certificate for genetically modified soybeans in recent days, which will also help to alleviate concerns about the vacuum state of imported soybeans between the end of September and October According to a Hong Kong trader, "we believe that the Ministry of agriculture will issue a new safety certificate this week or next week Although the import policy is still uncertain in the next few months, at present, as the crushers are making more profits with the increasing profits, they are not very concerned about the future import situation " JxX
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