China Rapeseed Oil Futures Fall to 9,665 Yuan/Ton on May 13, Down 2.72% Week-on-Week

According to Jin10 Futures, China's rapeseed oil futures declined on May 13, with the Zhengzhou Commodity Exchange (ZCE) 2609 contract closing at 9,665 yuan/ton, down 29 yuan/ton or 0.30% from the previous trading day and 270 yuan/ton or 2.72% compared to the same period last week.

Spot prices for Grade-3 rapeseed oil in coastal regions fell to 9,770–10,170 yuan/ton on May 13, declining 290–360 yuan/ton week-on-week, while the basis spread for OI2609 contracts narrowed to 100–500 yuan/ton above futures, down 30–100 yuan/ton.