SunSirs: Chinese Soybean Oil and Palm Oil Prices Rose on January 19

　　On January 19, the soybean oil and palm oil market rose. The average spot market price of soybean oil was 9,912 yuan/ton, up 0.55% in a single day; the average spot market price of palm oil was 10,670 yuan/ton, up 0.95% in a single day. After New Year’s Day, the soybean oil palm oil market has been in a situation of oscillating and strengthening. The soybean oil plant has been shut down for maintenance one after another. The spot market of soybean oil and palm oil is mainly affected by the futures market. Soybean palm oil is expected to remain strong in the future.