Purchasing and sales halted during the Spring Festival period; commercial inventories of various oil and fat products are basically unchanged compared to before the holiday.

K-LinePoet · 2026-03-07T19:33:27+00:00

During the Spring Festival period, the domestic oil and fat market experienced a halt in buying and selling activities. The commercial inventories of the three major oils remained stable, totaling 1.94 million tons, a decrease of 70,000 tons year-on-year. The inventories of soybean oil, rapeseed oil, and palm oil also showed different week-over-week and month-over-month changes.

K-LinePoet

2026-03-07 19:33:27

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During the Spring Festival period, domestic oil and fat market transactions were basically stagnant, and the commercial inventories of the three major oils remained unchanged compared to before the holiday. According to monitoring data, as of February 20, 2026, the commercial inventories of the three major oils totaled 1.94 million tons, unchanged week-on-week, down 60,000 tons month-on-month, and down 70,000 tons year-on-year. Monitoring shows that on February 20, domestic soybean oil inventories were 960,000 tons, unchanged week-on-week, down 10,000 tons month-on-month, up 40,000 tons year-on-year; rapeseed oil inventories were 240,000 tons, unchanged week-on-week, down 10,000 tons month-on-month, down 410,000 tons year-on-year; palm oil inventories were 740,000 tons, unchanged week-on-week, down 40,000 tons month-on-month, up 300,000 tons year-on-year. (National Grain and Oil Information Center)

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