Recently, the price of edible oil in Hebei Province has soared

Introduction: as of the week ending August 18, the price of edible oil in Hebei Province has risen rapidly PGY crude soybean oil: the wholesale price of imported crude soybean oil trading company increased from 5360 yuan / ton at the beginning of the week to 5500 yuan / ton, or 140 yuan / ton, and the ex factory price of domestic crude soybean oil plant increased from 5000 yuan / ton at the beginning of the week to 5260 yuan / ton, or 260 yuan / ton PGY grade II soybean oil: the ex factory price of the oil plant rose from 5380 yuan / ton at the beginning of the week to 5500 yuan / ton, or 120 yuan / ton PGY soybean salad oil: the ex factory price of the oil factory increased from 5500 yuan / ton at the beginning of the week to 5700 yuan / ton PGY cottonseed oil: the ex factory price of the oil plant increased from 5400 yuan / ton at the beginning of the week to 5500 yuan / ton, or 100 yuan / ton, and the market retail price increased from 2.75-2.80 yuan / jin at the beginning of the week to 2.90 yuan / Jin, or 0.10-0.15 yuan / Jin The main reasons for PGY are as follows: PGY I oil plant shutdown and production limit First of all, although imported soybeans continue to arrive in Hong Kong in the near future, it is still difficult to meet the pressing demand of oil plants, especially 8 In June, the amount of imported soybeans arriving at the port was scarce, and the stocks of Tianjin port, Qinhuangdao port and Shandong ports were not much, while the soybean delivery quantity of Dalian futures was also very limited Some large oil plants in Hebei had to stop production and limit production because of the obvious decrease of soybean raw material supply quantity PGY II, a large amount of soybean oil output Hebei has always been the main source of supply of edible oil in Beijing, Tianjin and Shanxi, with a large amount of output In addition, Northeast China bought back a large amount of soybean oil in this area in the early stage The decrease of soybean supply makes the soybean oil supply in this area increasingly tense This week's rising market is triggered by the first rise of soybean oil, which triggered the rise of the whole edible oil market PGY III rush to buy From the beginning of the week when the second-class soybean oil first rose from 5300 yuan / ton to 5380-5400 yuan / ton, some oil factories and distributors had already sensed the coming of the rising market They believed that: in recent years, the price of edible oil has been in a low state At present, the domestic soybean supply is increasingly tight, and the price of soybean salad oil and other edible oil will inevitably rise As a result, the refined oil refiners and distributors competed for various edible oils such as soybean oil, salad oil and cottonseed oil, causing the market price of edible oil in Hebei to continue to rise PGY looks forward to the future market The recent increase in the number of imported soybeans landed is unlikely to be very large It is estimated that the total amount of soybeans that can be used for crushing in China during August and September is only 2.3 million to 2.7 million tons In terms of demand, due to the strong domestic demand for soybean meal and oil, China's demand for oil soybeans will reach 4 million tons in August and September Therefore, it can be predicted that China's soybean crushing volume will be reduced to 3 million tons in August and September, leaving 100 tons The gap of 10000 tons cannot be met, that is to say, the situation of domestic soybean supply shortage cannot be changed in the near future In addition, Hebei is still some time away from the new year's Cottonseed purchase, and the situation of tight edible oil supply in the near future is unlikely to change The future market price will remain firm, and there is still some room for rise.