# Tight Supply To Push Stocks Down, Soybean Oil Will Rise Oil Plate - News - Jiaao Enprotech

> Chinese domestic soybean oil stocks at ports fell to 915,000 tons as of December 3, down 29.62% from mid-July. Vegetable oil consumption shifted toward soybean oil as palm oil prices rose sharply, with soybean oil consumption up over 85% year on year in November. The soy-palm spread narrowed from 1,273 to 607 yuan per tonne.

- Date: 2019-12-25 · published 2019-12-25T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/55665-tight-supply-to-push-stocks-down-soybean-oil-will-rise-oil-plate-news-jiaao
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tightening Chinese soybean oil supplies and substitution demand from palm oil support soyoil prices, and a shift toward soyoil also supports palm oil's relative demand picture.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- jiaaoplasticizers.com: https://www.jiaaoplasticizers.com/news/tight-supply-to-push-stocks-down-soybean-oil-30399148.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.