News summary
The operating rate of domestic oil plants rebounded in the week of May 17, and soybean oil stocks rose by 30,000 tons to 820,000 tons, which was 140,000 tons and 70,000 tons higher than the average of the same period last year and the three-year average respectively.
Newsletter text
The operating rate of domestic oil plants has increased, and soybean oil inventories have continued to grow
According to information from the National Grain and Oil Information Center on May 22, the operating rate of domestic oil mills bottomed out in the week of May 17, but terminal pick-up activities were flat, and soybean oil stocks continued to grow as a result.
Monitoring data shows that as of May 17, soybean oil stocks in major oil mills in China's coastal areas reached 820,000 tons, an increase of 30,000 tons from the previous week and an increase of 60,000 tons compared with the previous month. A year-on-year increase of 140,000 tons, exceeding 70,000 tons compared with the average value of the past three years. Soybean oil stocks are currently in the same period in historycelebritypokershowdownMedium to high level.
