Ji'nan's cooking oil prices have risen and prices are unlikely to rise.
with the end of the state's "price limit for edible oil", the price of peanut oil rose in July, and the edible oil giant golden dragon fish also issued a notice. The 3 products of soybean oil, rapeseed oil and blend oil raised from August 1st, and the range was about 5%... What is the reason behind the rise in the price of edible oil in the situation of "rising sound" in the edible oil market? What is the reason behind the rise of the price of edible oil? Will the oil price be raised again with the approaching of the Mid Autumn Festival? The reporter has investigated these problems recently.
edible oil giants have increased their prices
because of the high cost pressure, oil processing continues to suffer losses. In the middle of last month, two kinds of peanut oil under the Luhua flag were raised in a collective price, up to 12%, the first shot in the price rise, although the Luhua group denied it, but the oil market was so tempting.
in August 1st, the edible oil brand golden dragon fish under the YIHAI KERRY set up the price tide again, raising the price of soybean oil, rapeseed oil and blending oil at the range of 5% to 6% in the whole country. Market news said, Golden Dragon Fish 5 liters of edible blend oil rose from August 1st to 14 yuan per box, 3.5 yuan per barrel, 5.86% yuan, the current price of 63.25 yuan / barrel. The adjustment period is at least one week, and the current price list has been sent to all agency distributors.
at the same time, a dealer in Shanghai region, the food oil of COFCO group, has been informed of the price, but the time and scope of the specific price adjustment has not been too much disclosed. An edible oil distributor in Beijing said that the price of edible oil had not yet been received, so the price of edible oil remained in place.
while the price of edible oil giants has increased, the strong bullish mood of the oil market has been raised, and the price of small packaged edible oil has also been affected. According to Zhao Xue, an analyst of oil and fat industry, from last week, the spot market of oil began to turn. The price of small packaged edible oil has been proved to be more conducive to the rise of spot price. At the end of the price limit control, all oil products showed different degrees of increase, especially soybean oil. According to the monitoring, the first grade soybean oil in Shandong area rose from 9900-10000 yuan / ton to 10150-10200 yuan per ton at the end of July, up 200 yuan per ton, and 24 degree palm oil in Tianjin region rose from 8900-8950 yuan / ton to 9020-9050 yuan per ton at the end of July, up 100 yuan / ton, and four rapeseed oil in Hubei region rose from 10650 yuan per ton at the end of July to 10700 yuan / ton, up 50. Yuan / ton.
Ji'nan market follow up price
reporter visited some large supermarkets in Ji'nan in August 14th and found that the price of peanut oil has been basically stable since July, and the price of soybean oil and peanut oil under the flag of golden dragon fish has risen.
in the edible oil sales area of WAL-MART supermarket in Quancheng Road, the peanut oil and soybean oil under the flag of golden dragon fish and Huji flower are all broken down, and only corn oil is left on the shelf. Sales staff told reporters that this 14 days, the two brands of edible oil has been out of stock, shopping malls have not been on the goods, mainly related to the price increase factor. After the new edible oil is on the shelf, it is sure to raise the price, because the supermarket has received the notice of the price raising of the manufacturer, but the specific price range is not clear, it should be in accordance with other stores and supermarkets.
at the Ginza supermarket in Quancheng Square, the reporter saw that the price of Hu Ji peanut oil and soybean oil rose. The 5 litre peanut oil of 99.8 yuan has been adjusted to 119.8 yuan; the original price of 109 yuan and 5.436 liters of peanut oil was 125.8 yuan; the price of 5 liters of golden dragon fish and peanut oil was 113.8 yuan, and the price of 5 liters of soybean oil rose from 59.8 yuan to 66.8 yuan. The staff are updating the cooking oil shelves, some are being bundled with adhesive tape, others are updating the price labels. Staff said that although prices have risen, there are a lot of promotional activities, mainly to prevent consumers to reflect too strongly on the price rise, to ease the market pressure brought by the rise of prices.
in Tesco supermarket four, 1.8 liters of golden dragon fish and peanut oil have been adjusted to 42.9 yuan from 38.9 yuan during the preferential activities. 4 liters of peanut oil have been adjusted from 79.9 yuan to 88.9 yuan; the price of Jihua peanut oil is basically the same as that of Ginza supermarket in Quancheng square. Sales staff told reporters that the price of edible oil rose above 10 yuan.
in the supermarket, reporters interviewed some consumers. Ms. Li, who is choosing to buy peanut oil, told reporters that he has been using peanut oil in his home. After the price rises, he still chooses Lu Hua. The price increase is still within the range of its own. At the same time, Ms. Li also expressed the understanding of the rising price of edible oil. Another citizen, Mr. Wang, did not buy peanut oil and soybean oil, but chose the corn oil of longevity flower. He said that with the rise of peanut oil and soybean oil, trying corn oil is no harm, and the price of corn oil is more reasonable.
oil enterprises cost pressure
according to insiders, the production of the edible oil industry, especially the peanut oil and soybean oil, is very serious. Since November 2010, the cost of raw materials has risen sharply, and the selling price and cost of enterprises have been upside down. The upside price is up to 1000 yuan / ton. With the end of the national "price limit order", the price increase of edible oil enterprises has become an inevitable trend.
Zhuo Chuang, Rowling, an analyst of information grease industry, said that the cost pressure of oil companies is high. The first is the soybean oil, most of the domestic soybean oil processing enterprises use imported soybean squeeze, according to the cost of imported soybean and the price of soybean oil, some soybean oil enterprises still lose, but the quotation of soybean oil enterprises has been upwards. Followed by peanut oil, since May 2011, the price of peanuts has been straight up, showing the attitude of "spending your money" standing in front of consumers. Recently, peanut oil purchasing peanut price is basically between 10800-11500 yuan / ton, and the supply is limited. The main production area of peanut oil in Shandong area is 18000-19000 yuan per ton. At present, most of the peanut oil enterprises are waiting for the loss due to the loss of work, and some of the commencement has also been reduced because of the shortage of raw materials.
Rowling said that the market outlook for soybeans was strong in the wake of the expected reduction in soybean production at home and abroad. Moreover, the state has already sold about 5000000 tons of soybeans and only about 2000000 tons of state reserves. Under the pressure of supply, the price increase in the oil industry is also reasonable.
the possibility of rising prices is not likely to be
26% of the domestic soybean squeeze market share. In the small packaged edible oil market, Yihai Jia Li accounted for 59% of the domestic market share in 2010, of which the golden dragon fish brand accounted for 40% of the domestic market. The price of edible oil has been approved, which means that big brands, such as COFCO, 93 group and Hui Fu Group, will follow the price increase, thus raising a new tide of price rise in the oil industry.
analyst Zhao Xue pointed out that as the mid autumn market is ready to stock up, the overall demand for oil market will be boosted. In this case, it is expected that the recent domestic oil spot market will be easy to rise and be difficult to fall, but the rapid price rush will certainly affect the enthusiasm of the market purchase and attract the attention of the policy. On the whole, the upward trend is still irresistible.
industry analysis, the food oil market prices should not be too large, in addition to the pressure from the national macro-control, but also the characteristics of the edible oil products, as a kind of slow selling products, consumers are sensitive to the price of edible oil, and these products are highly alternative, and the price increases. Too big is easy to cut the market share of other enterprises and other edible oil types, so the price increase will be controlled within a certain range, and the possibility of large increase is unlikely.
analyst Rowling believes that the oil market has gone high under high cost pressure after the end of the oil price limit, but it is also restricted by the pressure of national inflation and the sluggish demand. At present, the price rise of edible oil terminal will push up the bulk and futures market to a great extent, making the oil market rising faster and the market trend gradually clear, but in the end, how far the internal energy of the oil industry can rise, it also depends on the extent to which the terminal consumption is followed.