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Domestic oil futures fluctuated and fell back this weekbaccarat888, the main variety of vegetable oil fell first, and market adjustment expectations increased.

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Market observation: Oil futures prices fluctuate, and domestic oils are facing adjustment pressure

After a weekbaccarat888After rising in 2000, oil futures showed a turbulent decline on Friday. Among them, vegetable oil futures prices fell the most significantly, while palm oil futures prices fell relatively small. In the spot market, the spot prices of the three major vegetable oils remained stable, basically unchanged compared with the previous trading day. However, the shock of BMD crude palm oil futures fell back on Friday, indicating a downward trend in the overall market. This trend also reflects the weakness of Malaysia's palm oil fundamentals, and its price support relies more on external factors.

In the domestic market, since the beginning of this week, domestic oil prices have been stronger than the international market, and futures prices have also risen ahead of spot prices. Especially in soybean oil and vegetable oil, the basis price has turned negative, indicating the existence of market pressure. In the current market environment, the motivation for further growth of domestic oils and fats appears to be insufficient, and market analysts predict that there may be a certain degree of adjustment. In particular, the loss of soybean oil and vegetable oil at the integer mark shows an increase in high pressure. For investors, it is recommended to adopt a rolling operation strategy of buying low and selling high.