01 Rapeseed

The national average price of rapeseed (net seed) in week 47 (November 17-21, 2025) was 3.015 yuan/jin. Rapeseed prices in Anhui were 3.00-3.12 yuan/jin; in Hubei, 2.95 yuan/jin; in Jiangsu, around 3.15 yuan/jin; in Hunan, 3.10-3.15 yuan/jin; in Hubei, around 2.95 yuan/jin; and in Sichuan, 3.10 yuan/jin. The rapeseed market situation in various regions this week is as follows:

Weekly Review:

This week, domestic rapeseed prices remained stable across various regions. Market demand for domestic rapeseed was low, suppressing price increases. Most coastal oil mills were shut down, resulting in low overall domestic rapeseed inventory. With the peak season for oil consumption approaching in the fourth quarter and a decrease in imported rapeseed, domestic rapeseed demand is expected to improve, which is beneficial to the rapeseed market. Domestic coastal oil mills have suspended rapeseed crushing, but the anticipated arrival of Australian rapeseed has alleviated short-term concerns about rapeseed supply. Coupled with a lack of significant demand, rapeseed futures prices are under short-term pressure. As of the week ending November 16, Canadian rapeseed exports increased by 134.8% to 284,600 tons, compared to 121,200 tons the previous week.

Rapeseed prices are expected to remain stable with narrow fluctuations in the short term. Limited imported rapeseed arrivals provide a floor for domestic rapeseed prices. Future market movements will depend heavily on the actual recovery of downstream edible oil consumption and the arrival schedule of Australian rapeseed.

02 Rapeseed Oil

In week 47 (November 17-21, 2025), the national average price of grade 4 rapeseed oil was 10,250 yuan/ton, an increase compared to the previous week. Reference prices for grade 4 rapeseed oil in various regions are as follows:

Weekly Review: 

In the futures market, rapeseed oil futures prices declined this week. The main rapeseed oil contract 2601 closed at 9,816 yuan/ton on Friday. Several factors influenced the rapeseed oil price trend this week: First, Chinese shipments slowed, raising concerns in the US soybean market about the actual scale of Chinese purchases. Second, Malaysian palm oil fundamentals were weak, with exports from January 1-20 showing a continued week-on-week decline of 14-20%. Third, the recent decline in international crude oil prices suppressed the international edible oil market.

Domestically, coastal oil mills shut down, and Australian rapeseed oil is about to arrive. Domestic rapeseed oil inventory is low, but increased imports of Russian rapeseed oil are gradually increasing supply pressure in the spot market. On the demand side, the peak season for edible oils has arrived, leading to strong demand for rapeseed oil, which is beneficial to the rapeseed oil market. There are no expectations of easing tensions in Sino-Canadian relations, and concerns about tight rapeseed oil supply have not been alleviated. Rapeseed oil prices have received a short-term boost, but increased supply is expected after Australian rapeseed arrives in November. The development of Sino-Canadian relations should be closely monitored.

The rapeseed oil market is currently in a tight supply-demand balance. Short-term prices are supported by supply shortages, but a medium-term correction is possible due to increased imports. The industry is undergoing structural upgrades: premiumization of consumption, diversification of raw materials, and intelligent manufacturing. In the long term, driven by both health consumption and bioenergy, the market size will steadily expand, but supply chain security remains a concern.

03 Rapeseed Meal

The following are the reference prices for rapeseed meal in various regions for week 47 (November 17-21, 2025):

Weekly Review:

This week, rapeseed meal prices fell. Previous speculative sentiment surrounding rapeseed meal has subsided, and the current off-season for consumption has led to price declines. On the demand side, with decreasing temperatures and the off-season for aquaculture, the rigid demand for rapeseed meal has decreased, and the market expects prices to fall further. On the supply side, domestic oil mills are generally shut down, with no new rapeseed being processed, resulting in limited supply. The trade friction between China and Canada (anti-dumping investigation) has restricted Canadian rapeseed imports, leading to a tight supply in the short term. Rapeseed meal inventories are at historically low levels, supporting prices.

It is expected that in the short term (1-2 months), rapeseed meal will be in a weak supply and demand situation, entering a wide-range fluctuation pattern amidst mixed market forces. In the future, close attention should be paid to the development of China-Canada relations; if policies are relaxed, rapeseed meal prices may fall further. Australian rapeseed is about to arrive at ports, which will alleviate supply pressure. Rapeseed meal production enterprises in various regions are operating at low capacity, resulting in a tight supply of rapeseed meal. Low inventory levels and continuous depletion have provided some support for rapeseed meal prices.