01 Sunflower

Week 45 (November 4-November 8, 2024) Domestic sunflower prices continued to rise this week. The specific prices in each region are as follows:

Weekly Review:

This week, domestic sunflowers continued to be strong. Kazakhstan and Russia are still in short supply. In Russia, the price of sunflowers has risen sharply due to reduced production, and farmers are not in a hurry to ship, so the export volume of sunflowers is relatively small. The price of Russian sunflowers has risen again, and the import cost has risen, which is good for the sunflower market. After the new season of sunflowers, the operating rate of oil mills has increased, the demand for oil sunflowers is high, and the speed of goods is fast, which is good for the sunflower market.

It is expected that the price of sunflowers will continue to rise in the short term. The supply concerns are high. The harvest of sunflowers has basically been completed, but there is less supply in the market. The supply of sunflowers is in short supply, which supports the sunflower market. In addition, oil mills are gradually starting to work, eager to replenish stocks, and the demand is good, which is good for the sunflower market. Pay more attention to the foreign market price and the trend of my country's import volume in the later period.

02 Sunflower Oil

Week 45 (November 4-November 8, 2024) The average price of domestic sunflower oil this week is 10,567 yuan/ton, of which the price of first-grade sunflower oil in Jiangsu is 10,600 yuan/ton; the price of first-grade sunflower oil in Xinjiang is 9,650 yuan/ton, and the price of first-grade sunflower oil in Tianjin is 11,000 yuan/ton. The prices in various regions are as follows:

Weekly Review:

This week, domestic sunflower oil prices rose again. Both sunflower seeds and sunflower oil are in short supply in China, and the supply is tight. However, it is the peak season for sunflower oil, and the demand is good, which makes sunflower oil in short supply and the price continues to rise. At present, the foreign prices of Russia's main producers are also rising continuously, and tariffs have been increased, which has increased import costs and supported the sunflower oil market. Russian farmers' suppression of raw material sales continues to bring difficulties to processors, making sunflower oil run strongly.

It is expected that sunflower oil prices will continue to run strongly in the short term. The shortage of supply in the market will not be alleviated for the time being. The rising sentiment in the market continues to support sunflower oil. The prices of soybean oil, rapeseed oil and palm oil have risen again, supporting the oil market, which is good for the sunflower oil market. There are many positive factors, so the possibility of rising sunflower oil prices is relatively high.