Rising rapeseed oil inventories are negatively affecting the Chinese market.

As of April 10, 2026, rapeseed oil inventories at major oil mills in coastal regions totaled 18,000 tons, up 5,000 tons from the previous week; in the East China region, inventories reached 300,000 tons, up 21,000 tons from the previous week.

As of April 10, 2026, rapeseed oil inventories in coastal regions rose to 18,000 tons (a weekly increase of 5,000 tons), while those in East China reached 300,000 tons (a weekly increase of 21,000 tons). This indicates a situation of oversupply and weak demand, which is exerting significant downward pressure on spot prices, as the accumulation of inventories reflects insufficient market absorption capacity. In support of this, futures market data shows that prices of benchmark rapeseed oil contracts (such as 2605, 2607, and 2609) have generally declined (for example, the settlement price for contract 2609 was 9,377 yuan/tonne, down 19). Changes in open interest indicate an increase in positions in some contracts (for example, open interest for contract 2609 increased by 16,666), indicating increasing bearish sentiment in the market, which could further depress futures prices.

Tags: China, stocks, rapeseed oil