March 26 Day ICE rapeseed commentary: demand slow down, rapeseed down

Beijing Lin PETROFER message March 27: March 26, ICE's Canadian rapeseed market Winnipeg Commodity Exchange closed down, mainly due to slowdown in demand.

May contracts fell 0.70 Canadian dollars, add close at 421.10 yuan / ton; July contract fell 0.40 Canadian dollars, add close at 425.50 yuan / ton; November contract fell 1.20 Canadian dollars, add close at 429.60 yuan / ton.

By the international vegetable oil market, strong demand and the impact of the rapeseed, rapeseed prices in the overnight inter-market transactions Change. After entering the North American trading hours, rapeseed market continued to show up suddenly dropped posture suddenly. Rapeseed soybean market does not care about the United States market.

Analysts said the Chinese buyers purchase price lower than the current price plus 20 yuan / ton, which leads to slow down the demand for rapeseed market. Chinese Ministry of Commerce said that in April this year, rapeseed imports only 65,000 tons, down from 160,527 tons in March, further suppression of the rapeseed market.

However, the lack of farmer selling, the market decline constraints of space.

Exporters and processors to do more than the short-selling of commercial companies. Food companies to sell hedge.

Rapeseed market is moderate, improve the overall carry trade volume. Next Tuesday will be the United States Department of Agriculture planting intentions report released area prediction, and many dealers away from the city to wait.

March 26, rapeseed market turnover 6620 was estimated at hand, which is lower than March 25 of 11,539 hands.

(Li Lei for reference only)