According to the Commodity Market Analysis System of SunSirs, domestic palm oil fluctuated and fell in the first half of January, with a decline of over 4%. At the beginning of the month, the average market price of palm oil was 10,102 RMB/ton. On January 16th, the average market price of palm oil was 9,690 RMB/ton, a decrease of 4.08% in price.

Negative pressure suppresses palm oil market oscillation and downward trend in the first half of January

After New Year's Day, the overseas palm oil market declined, the domestic palm oil futures market fell, and the spot market entered a diving mode, with prices continuously falling. Malaysia's palm oil production forecast has been lowered in the external market, and favorable factors have resumed. The domestic palm oil futures market has risen, and the spot market has also risen. Due to the general demand for terminal oils, palm oil continued to decline after rising. In early January, the palm oil market experienced ups and downs, with the overall decline being the main trend.

The palm oil analyst from SunSirs believes that as the Spring Festival approaches, there is still rigid demand for terminal oils, and there is still room for an upward trend in the palm oil market in the future.

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