# Abundant supply, weak demand, edible oil market difficult to continue upward 11/02 Update MySheen

> Chinese domestic vegetable oil supply is abundant while demand has entered the post-holiday off-season, with spot soybean oil prices slipping slightly last week. First-grade soybean oil in port areas was quoted at 5700-5900 yuan/ton, down 0-50 yuan from the prior week.

- Date: 2026-11-02 · published 2026-11-02T03:06:16.215Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/74638-abundant-supply-weak-demand-edible-oil-market-difficult-to-continue-upward-11
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Ample supply and weak seasonal demand, plus cheaper imported soybean oil that boosts import margins and procurement, point to limited upside or downward pressure on domestic vegetable oil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- mysheen.com: https://www.mysheen.com/a2091

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