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  • China:Operation of the oil market during May Day in 2022

    May 4th, 2022

    Sesame: During the May 1st period, the remaining quantity of domestic sesame was relatively small, and sesame was mainly sold locally. The overall market price was slightly chaotic, mainly based on actual negotiation, and the quotations of a small number of traders lacked reference. Farmers have less inventory. For example, in the main producing areas of Hubei and Hunan, May is the season for the new season of domestic rapeseed to mature and go on the market. The following farmers will basically trade in the new season of rapeseed, and domestic sesame transactions will gradually decline. The market of imported sesame is stable and weak. Affected by the new crown epidemic, the market shipments have decreased. However, the cost of imported sesame in 2022 is relatively high, and traders are basically keeping prices up. The market is flexible and the overall shipment volume is not large. . The price is in a dilemma. Some varieties are lowered by 100-200 yuan/ton, which stimulates the sale of goods. Because March and April are the traditional off-seasons of the sesame market, traders basically take goods on demand and do not stock up on large quantities of goods. On the whole, the sesame market lacks upward momentum, and the market is still in a situation of strong supply and weak demand. It is expected that the sesame market will continue to operate in a weak market, and the probability of price rise is small. Focus on the inbound and outbound situation of imported sesame seeds in Huangdao Port.


    Source: Source: https://finance.sina.com.cn/money/future/agri/2022-05-04/doc-imcwipii7990512.shtml?finpagefr=p_111
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