According to the Commodity Market Analysis System of SunSirs, last week's terminal demand was poor, and the palm oil spot market fluctuated and fell, with an overall decline of over 1%. On October 18th, the average market price of palm oil was 9,106 RMB/ton, and on October 14th, the average market price of palm oil was 8,696 RMB/ton, a decrease of 1.02% in price.

Last week, palm oil prices fluctuated and fell. This round of decline in palm oil is mainly due to the off-season of Malaysian palm oil production in foreign markets, the decline in palm oil futures in foreign markets, the oscillation and decline in domestic palm oil futures market, and the weakening of spot market. The average price of palm oil in the domestic market has fallen to around 9,100 RMB/ton, a decrease of about 1%.

SunSirs palm oil analyst at SunSirs, believes that by the end of October, the demand for oil terminals will still be weak, and the palm oil market will continue to decline weakly in the future.

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