Indonesian palm OIL REFINING MACHINE is recovering rapidly
Indonesian palm OIL REFINING MACHINE is recovering rapidly
According to MPOB data, palm OIL REFINING MACHINE stocks fell 7.6% at the end of January to 1.5 million tonnes at five-month low, while the market is expected to cut 10.7% to 1.49 million tonnes. US Department of Agriculture OIL REFINING MACHINE is expected to Indonesia 2016/2017 annual output of 35 million tons, an increase of 3 million tons over the previous year, Indonesia's rapid recovery in OIL REFINING MACHINE production.
Late palm OIL REFINING MACHINE production recovered or exceeded, but the OIL REFINING MACHINE demand side was inadequate. Indian OIL REFINING MACHINE association (SEA) released monthly data show that in January 2017 India's vegetable OIL REFINING MACHINE imports fell by about 19% over the same period last year, India's palm OIL REFINING MACHINE imports in January was 608762 tons. Palm oil market, the lack of information, the late supply is abundant, lack of demand, India's import growth slowed, biodiesel boost role is limited.
Domestic OIL REFINING MACHINE stocks continue to rise
Due to good OIL REFINING MACHINE crush profits, the domestic demand for imported soybeans continue to enlarge, the next few months to huge amounts of soybeans to Hong Kong. At present, most of the domestic oil companies began to return to normal boot, soybean OIL REFINING MACHINE stocks to follow the rise, as of February 20 domestic soybean oil business inventories total 111.59 million tons. In addition, imports of palm OIL REFINING MACHINE in February is expected to 350,000 tons, March 40 million -45 million tons, the domestic port palm OIL REFINING MACHINE stocks are still on the rise, the current national port consumption of palm oil stocks 587,300, compared with 48.57 million last month Ton by 10,600 tons, an increase of 20.9%, the next few months, palm oil stocks will grow.
At the same time, temporary storage of vegetable OIL REFINING MACHINE is expected to more than 1 million tons, but the actual OIL REFINING MACHINE consumption is expected to less than 500,000 tons, the majority of channel inventory. However, the global rapeseed for three consecutive years of production, the global vegetable OIL REFINING MACHINE consumption ratio dropped to low, tight supply and demand, while the domestic rapeseed year cut, with the national vegetable OIL REFINING MACHINE pressure release is completed, the second half of 2017 domestic vegetable oil supply gap or , Vegetable OIL REFINING MACHINE is expected to be stronger than palm oil and soybean oil.
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