China Refined Sunflower Oil insights

Solar oil buyers' price ideas FOB 6 ports as of September 24 soared to $1,100/t, which is $50/t higher than the price fixed on September 20.

As of September 24, the ideas of buyers of sunflower oil on FOB 6 ports soared to $1,085/t with delivery in October-November-December. This is 30-35 $/t higher compared to the levels at the end of the previous week. On September 25, FOB prices of 6 ports continue to rise, writes ASAP Agri. ASAP Agri asked Serhiy Repetsky, a partner at Sunstone Brokers, if China's attempts to boost its economy and stock markets were the cause of this price jump. "China's actions in this case have absolutely nothing to do with the rise in sunflower oil prices. China's goal is primarily to revive mortgage lending, because a lot is being built and nothing is being sold. How much sunflower oil was sold in China after these measures were announced? How much have prices increased there? Perhaps by $5/t. How much was sold to India in 3 days? 125 thousand tons of sunflower oil were sold. Trading levels on CIF India rose $50/t from $1,065/t last Thursday to $1,115/t today, September 25. So who is driving the market, China or India? Answer

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