"Oil" is cheaper than "water" to copy the bottom of t

  • Dec, 29th 2018

"4000 yuan/ton palm oil is roughly converted into 500ml bottles for 2 yuan and 1 bottle, which is cheaper than mineral water." Recently, some people in the industry sighed. On December 13, the price of domestic palm oil futures contract 1901 fell to 4050 yuan/ton. At present, the oil-meal ratio is also at a historic low. This can not help but attract some investors to copy the bottom of the oil market impulse. Will the end of 2018 be the starting point of a new cycle of oil prices?