Supply of loose oil in May vulnerable downward
Issue Time:2017-05-11
In April the oil sector is still the lack of upward momentum, at the beginning of the month by 908 points to the end of 879 points, down 29 points, or nearly 5%. Oil varieties are still dominated by Qi, soybean oil (-5.18%), rapeseed oil (-3.35%), cottonseed oil (-5.42%), palm oil (-3.97%). Business agency of agricultural products analyst Li Bing said: May, soybean imports to Hong Kong, China vegetable oil reservoir to digestion, increased imports of palm oil, oil supply pressure is still in the market is difficult to have a big breakthrough.
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