Himfr Analyzes Peanut Oil Situation
BEIJING, March 22 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes the peanut oil situation.
Since entering mid-March, Chinese peanut market prices have declined sharply. Chinese demand for peanut oil is not strong, so the market price has leveled out. At present, in the Shandong market, the price of grade A peanut oil is 14,500 ~ 15,000 yuan, little change compared with March 9; in the Hebei market, the price is 15,000 ~ 15,2000 yuan, which is basically the same; in the Henan market, the price is 14,200 ~15,000 yuan, which is down 3.3%; and in the Guangdong market, the price is 17,000 yuan, which is a slight change.
As the raw material market prices fall, recently some foreign peanut oil manufacturers have offered a callback; shipping is relatively slow, and the oil factory selling pressures have increased. As the weather gradually gets warmer, the prices of soybean oil, palm oil and peanut oil may reach as much as 7,000 yuan or more, and this may decrease inflationary pressures for peanut oil.
In addition, with temperatures rising around the country, end-users' demand for cooking oils (http://www.himfr.com/list-product-Food_Beverage- 13000000-1.html ) and other oil products will decrease. At the same time, prices of Chinese soybean oil and palm oil have been lower lately, which also puts pressure on peanut oil. Himfr expects that in the short-term, the Chinese peanut market price is expected to remain steady.
About Himfr.com
Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. Himfr.com offers a variety of high quality products such as fireproof safes (http://www.himfr.com/buy-fireproof_safe/ ), infrared heaters (http://www.himfr.com/buy-infrared_heater/ ), Tony Little Gazelle (http://www.himfr.com/buy-tony_little_gazelle/ ) and many more.
For more information, please contact:
Himfr.com
Tel: +86-10-6556-9770
Email: [email protected]
SOURCE Himfr.com
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