China’s soybean oil stocks fell more than 1% in a week
Domestic soybean oil inventories at ports fell by more than 1% in the week beginning April 7. According to live data from the Chinese market monitoring system SunSirs, the inventory volume was approximately 770,000 tons, down 8,000 tons from the previous week.
The inventory decline indicates a tightening supply in the domestic market, which traditionally creates the preconditions for rising spot soybean oil prices.
The futures market has already responded. The soybean oil contract price rose 54 points, reaching 8,748 yuan per ton. Meanwhile, open interest increased by 52,681 lots, indicating strong bullish sentiment among market participants.
News of the inventory decline could further support the upward trend in futures prices, analysts note.
According to OleoScope, on 04/07/2026, the price of soybean oil (Daylian China) for April delivery was $1,273.21/t, which is $10.28/t higher than the previous value of 04/03/2026 ($1,262.93/t). This is the maximum value of this price.
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