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Market demand is sluggishBingoslotsonlineAlthough the White House announced that tariffs on Chinese imports of steel and aluminum have more than tripled, agricultural products such as waste cooking oil have not been affected. On May 14, CBOT soybean oil futures closed down more than 4%, with the base period closing price at 43%.Bingoslotsonline.32 cents per pound. Compared with the beginning of the month, the price of domestic first-grade soybean oil rose slightly by 2.16% to 7910 yuan / ton. However, due to the current off-season of demand and the bearish international news, analysts expect the soybean oil market to fluctuate downwards. Soybean crushing enterprises maintain normal production activities, while terminal procurement maintains the strategy of on-demand procurement. Nevertheless, due to low market demand and high prices, people in the industry are generally bearish on the future trend of the soybean oil market. In the case of no obvious change in market supply and demand, it may be difficult for the soybean oil market to get rid of the fate of concussion and decline in the short term. Waste cooking oil is not included in the tariffs imposed by the United States, which provides a respite for the domestic soybean oil market. However, due to the weak overall market demand and short international market news, the downward pressure on soybean oil prices is still not to be underestimated. To sum up, although the domestic and foreign market environment is complex and changeable, the supply and demand situation and price trend of soybean oil market still deserve investors' close attention. In the current market context, investors should carefully assess market risks and rationally distribute investment strategies to cope with possible market fluctuations.
