Oil extraction industry should avoid vicious competition and overheated development

Introduction: the international business newspaper under the Ministry of Commerce of China published the signed article on Thursday, pointing out that the international business newspaper under the Ministry of Commerce of China published the signed article on Thursday, pointing out that since last year, the oil extraction industry has expanded rapidly, but the supply of raw materials is limited, so the oil extraction industry should avoid vicious competition and overheated development According to the report of Dym, with the recovery of soybean meal and soybean oil prices and the increase of oil pressing profits, the oil pressing industry has expanded rapidly since last year, a large number of new and expanded soybean processing projects have been launched, and a large number of private enterprises have also joined the oil pressing team Due to the shortage of domestic soybeans last year, the planting area of Dym has been basically determined this year, and the severe drought in Northeast China in the early stage of this year, the supply capacity of domestic soybeans in China is obviously insufficient Nearly 50% of the demand gap can only be filled by imported soybeans, which leads to the imbalance between supply and demand, and the rise of soybean prices According to Dym report, in this case, the soybean crushing capacity is still rising, which is bound to intensify the competition for raw materials The current situation of soybean oil market oversupply will affect the profit margin of oil extraction enterprises and cause vicious competition among enterprises Therefore, the oil extraction industry should take the situation into consideration to avoid overheating "Reported In the first half of this year, China's imports of soybeans increased by 211.6% year-on-year to 2.49 million tons, with an average import price of $225.45 per ton, an increase of 18.8% year-on-year, the Dym report quoted customs data DYM