According to the commodity analysis system of SunSirs: since March, negative factors dominate, palm oil market fluctuates and falls mainly. On March 1, the average price of palm oil market was 9,810 RMB/ton, and on March 11, the average price of palm oil market was 9,700 RMB/ton, down 1.12%.

In early March, Malaysia's palm oil export data declined, domestic palm oil terminal demand was sluggish, market transactions were average, and multiple negative factors dominated. Domestic palm oil futures market fell and rose, with an overall decline as the main trend, and the spot market followed the market and weakened. As of March 11, the domestic palm oil market price fell to 9,700 RMB/ton, down 100 RMB/ton from the beginning of the month.

SunSirs palm oil analysts believe that in mid-March, Malaysia's palm oil production forecast is still low, and the positive factors of the foreign market are still there, and the domestic palm oil market is still expected to usher in a rise in the future.

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