reported, according to the \out of oil.
industry analysts said the move was intended to suppress the current oil price trend.
30 万吨 rapeseed oil as soon as delivery
notice in accordance with national grain and oil trading center,Moncler Jassen Online, the auction sale of the temporary storage of edible oil for the country's 30 million tons of rapeseed oil. Participate in the auction the buyer must commit the transaction to purchase the edible oil market as soon as possible.
since August of this year, the domestic edible oil spot price gains agitated,UGGS Kensington, reached in 2008 its highest level since the financial crisis.
in grain storage, according to the China's oil network monitoring, as of yesterday, the main vegetable production areas of the vegetable oil domestic ex-factory price in the 8400-9500 yuan / ton,UGG Kensington, higher than in September over the same period 600 yuan / ton. Trend oil prices rose more violent, Jiangsu Zhangjiagang plant,UGG outlet, for example, an offer has reached 9250 yuan oil / ton, higher than the September period more than 1,UGGS Outlet,000 yuan / ton.
ZHAO Zhi-wei said that in addition to the current round of increases led by the futures market, but also by many factors, such as raising the cost of imports and increased domestic soybean purchase prices, agricultural prices and inflation expectations, and sales season stocking demand. Customs statistics show that the average price of soybean imports since July this year has maintained a 3-month rising trend.
\.
Topix futures analyst Wang Aihua that the news had been in the market, and now the message to determine,Moncler UK, only advantage of this opportunity to price movements will not have much impact. Investment Advisor analyst Zhou thinking then that the temporary storage of delivery \Liu Cheng oil from imports, one third of the soybean processing capacity from foreign-funded enterprises, import prices of soybean oil crushing companies in China a greater impact. \beans, the expected impact of production cuts, the current rising global soybean prices are at stages in the case of broad based domestic agricultural products, edible oil price trend is difficult to change.
However, ZHAO Zhi-wei believes that the current situation has caused agricultural broad based government attaches great importance to the determination of government regulation of a large farm, in the present case, the national inventory of adequate government regulation of the oil well a variety of measures can be implemented. It is reported that since 2008,Moncler Outlet, commitment to national grain and oil storage tasks the hands of China Grain Reserves Corporation had total control of about 200 million tons of edible oil,Moncler Online, edible oil consumption in the country each year accounting for about one-tenth, in addition to millions of tons of temporary purchasing and storage of soybean to wait out the library.
(This article Source: LONDON)
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