According to the Commodity Market Analysis System of SunSirs, the palm oil market fluctuated and rose mainly in September, with an increase of over 6%. On September 1st, the average market price of palm oil was 8,180 RMB/ton, and on September 30th, the average market price of palm oil was 8,696 RMB/ton, with a price increase of 6.31%.

Starting from September, the palm oil market weakened and prices continued to decline. This round of palm oil oscillation has declined, mainly due to Malaysia's palm oil production meeting expectations in the external market, export decline, weak palm oil futures in the external market, continuous rise in domestic palm oil futures market, and weak rise in spot market. The average price of palm oil in the domestic market has fallen to around 8,000 RMB/ton, a decrease of over 2% from the beginning of the month.

After the Mid-Autumn Festival, the export data of Malaysia in the external market improved, the palm oil futures market rose, the spot market rose with the market, and the price rose to 8,300 RMB/ton, up more than 4%. The weather has turned cold, and the National Day is approaching. The stocking market for oil terminals has started, and the palm oil market continues to operate at a high level.

At the end of the month, the terminal oil stocking market came to an end, and palm oil prices slightly fell, dropping to around 8,700 RMB/ton, an overall increase of nearly 7% compared to the beginning of the month.

The agricultural product analyst of SunSirs believes that after the National Day holiday, the rigid demand for terminal oils and fats will support the recovery of the palm oil market in the future.

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