OIL REFINING MACHINE Negative accumulation, oil prices downward pressure increases:
Due to good OIL REFINING MACHINE crush profits, the domestic OIL REFINING MACHINE demand for imported soybeans continue to enlarge, the next few months to huge amounts of soybeans to Hong Kong. At present, most of the domestic OIL REFINING MACHINE companies began to return to normal boot, soybean oil stocks to follow the rise, as of February 20 domestic soybean OIL REFINING MACHINE business inventories total 111.59 million tons.
In addition, imports of palm OIL REFINING MACHINE in February is expected to 350,000 tons, March 40 million -45 million tons, the domestic port palm oil stocks are still on the rise, the current national OIL REFINING MACHINE port consumption of palm oil stocks 587,300, compared with 48.57 million last month Ton by 10,600 tons, an increase of 20.9%, the next few months, palm OIL REFINING MACHINE stocks will grow.
At the same time, OIL REFINING MACHINE temporary storage of vegetable oil is expected to more than 1 million tons, but the actual consumption is expected to less than 500,000 tons, the majority of OIL REFINING MACHINE channel inventory. However, the global rapeseed for three consecutive years of production, the global vegetable oil consumption ratio fell to low, OIL REFINING MACHINE tight supply and demand, and domestic rapeseed annual cut, with the national vegetable oil pressure release is completed, the second half of 2017 domestic vegetable OIL REFINING MACHINE supply gap or appear, Vegetable OIL REFINING MACHINE is expected to be stronger than palm oil and soybean oil.
OIL REFINING MACHINE Negative accumulation, oil prices downward pressure increases
Futures Daily reported on February 23: the supply side of agricultural OIL REFINING MACHINE reform, to promote a brief rebound after the Spring Festival oil, but with multiple negative factors pressure, OIL REFINING MACHINE prices began to fall, has now broken under the oscillation of the interval, the downward pressure increases.
US soybean OIL REFINING MACHINE stocks higher than expected
2016/2017 annual US soybean OIL REFINING MACHINE ending stocks estimated at 760,000 tons, has been reduced for two consecutive years, the US soybean OIL REFINING MACHINE price center of gravity gradually increased, 32.5 cents / pound is a strong support. But the US National OIL REFINING MACHINE Processors Association (NOPA) released a press monthly report shows that the United States in January soybean crush for the 1.60621 billion bushels, the highest level in history.
Oil Refining Machine
Due to good OIL REFINING MACHINE crush profits, the domestic OIL REFINING MACHINE demand for imported soybeans continue to enlarge, the next few months to huge amounts of soybeans to Hong Kong. At present, most of the domestic OIL REFINING MACHINE companies began to return to normal boot, soybean oil stocks to follow the rise, as of February 20 domestic soybean OIL REFINING MACHINE business inventories total 111.59 million tons.
In addition, imports of palm OIL REFINING MACHINE in February is expected to 350,000 tons, March 40 million -45 million tons, the domestic port palm oil stocks are still on the rise, the current national OIL REFINING MACHINE port consumption of palm oil stocks 587,300, compared with 48.57 million last month Ton by 10,600 tons, an increase of 20.9%, the next few months, palm OIL REFINING MACHINE stocks will grow.
At the same time, OIL REFINING MACHINE temporary storage of vegetable oil is expected to more than 1 million tons, but the actual consumption is expected to less than 500,000 tons, the majority of OIL REFINING MACHINE channel inventory. However, the global rapeseed for three consecutive years of production, the global vegetable oil consumption ratio fell to low, OIL REFINING MACHINE tight supply and demand, and domestic rapeseed annual cut, with the national vegetable oil pressure release is completed, the second half of 2017 domestic vegetable OIL REFINING MACHINE supply gap or appear, Vegetable OIL REFINING MACHINE is expected to be stronger than palm oil and soybean oil.
OIL REFINING MACHINE Negative accumulation, oil prices downward pressure increases
Futures Daily reported on February 23: the supply side of agricultural OIL REFINING MACHINE reform, to promote a brief rebound after the Spring Festival oil, but with multiple negative factors pressure, OIL REFINING MACHINE prices began to fall, has now broken under the oscillation of the interval, the downward pressure increases.
US soybean OIL REFINING MACHINE stocks higher than expected
2016/2017 annual US soybean OIL REFINING MACHINE ending stocks estimated at 760,000 tons, has been reduced for two consecutive years, the US soybean OIL REFINING MACHINE price center of gravity gradually increased, 32.5 cents / pound is a strong support. But the US National OIL REFINING MACHINE Processors Association (NOPA) released a press monthly report shows that the United States in January soybean crush for the 1.60621 billion bushels, the highest level in history.
Oil Refining Machine