SunSirs: Domestic Rapeseed Prices Rose in February

https://www.chemnet.com   Mar 02,2023 SunSirs

　　According to the monitoring of SunSirs, the average market price of domestic rapeseed was 7,188 RMB/ton on February 1, and 7,400 RMB/ton on February 27. During the period, the quotation rose 2.95%, and up 3.01% from January 1.

　　Analysis review

　　After the Spring Festival, the price of domestic rapeseed had an upward trend. The supply of domestic rapeseed market was scarce, and traders' quotations were firm. The market demand was gradually recovering, and the shipment in the market was OK, which was good for the price of domestic rapeseed to rise.

　　Recently, the enthusiasm of downstream procurement had slowed down, the market demand was general, and the speed of traders' delivery had slowed down. The sown area of winter rapeseed continued to expand in 2022, with a high probability of high yield.

　　Market outlook

　　Supported by a small supply of domestic rapeseed, the rapeseed analysts of SunSirs predict that domestic rapeseed may mainly rise.

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