The latest price of palm oil (4-12): 7838 RMB / ton, the market outlook is bullish

Key points of analysis: Since April, due to the game of long and short factors, the palm oil market has been mixed, and the price has been arranged within a narrow range. Mapan palm oil market is unstable, daily limit, domestic palm oil futures market is affected, and spot market is relatively resilient. The demand for terminal oils and fats is relatively flat, and the rise in palm oil prices has been suppressed, with successive corrections.

Forecast of the market outlook: The bullish factors in the external market are still there, and the palm oil market in the future market is expected to usher in a rising market.

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