According to the Commodity Market Analysis System of SunSirs, the palm oil market has fluctuated this week, with a slight overall decline. On August 12th, the average market price of palm oil was 7,796 RMB/ton, and on August 15th, the average market price of palm oil was 7,792 RMB/ton, a decrease of 0.05% in price.

Last week, the domestic palm oil market rebounded weakly and overall weakened. The overseas palm oil market in Malaysia has been boosted, while the domestic palm oil futures market has risen slightly. Due to weak terminal demand, inventory continues to rise, and negative factors have suppressed the domestic palm oil spot market. The overall price has slightly decreased, with a decline of less than 0.1%.

SunSirs agricultural product analyst believes that in late August, the demand for terminal oils and fats remained sluggish, and the short-term rise in palm oil prices remained weak.

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