Oil spot market prices remained stable on October 10

Today's soybean oil opened 7068, closing at 7056 on the previous trading day. Palm oil main opening 5560, the last trading day closed at 5528. Zheng oil main opening 7298, the last trading day closed at 7290. Domestic spot quotation is stable today. The spot price of first-class soybean oil in coastal area is 7080-7300 yuan/ton, and the spot price of 24-degree palm oil is 5500-5700 yuan/ton.

In October, the total amount of soybeans arriving in Hong Kong is estimated to be 4.26 million tons, totaling 81 ships. The forecast for September is 4.83 million tons. As far as we know, supported by the inflow of soybean from previous auctions, the supply of soybean in Northeast China is relatively stable, and the start-up of large factories is normal. Soybean stocks in factories in North, East and South China are relatively stable, and there is no excessive tension in oil meal processing. The suspension of the monthly USDA report may accumulate a greater degree of uncertainty risk due to the impact of the U.S. government shutdown. MPOB report will be released soon. Domestic spot price has been rising for some time. Most of the profits have been digested. It is suggested that the terminal should wait and see for a while.