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This week's soybean oil basis quotes fluctuate slightly, with spot prices following the market upward.
International crude oil prices remain high this week, domestic oil refineries are shut down for maintenance, and downstream consumer demand is weak. The soybean oil basis quotes fluctuate slightly, and spot prices follow the market upward. On April 7th, the national standard Grade 1 soybean oil price in coastal areas was 8,870 to 9,250 yuan/ton, up 40 to 150 yuan/ton compared to the same period last week; spot basis quotes Y2605+120 to 500 yuan/ton, changing by -40 to 70 yuan/ton compared to the same period last week. (National Grain and Oil Information Center)