According to the monitoring data of SunSirs, since June, Malaysia's palm oil has entered the production increase cycle, the external market has been suppressed, and the domestic spot market of palm oil has lost its popularity. The market has been declining, and the price has been falling continuously. It has been falling into November. The price has been falling from 15,760 RMB/ ton to 8,302 RMB/ ton. As of November 16, the decline of palm oil has exceeded 47%.

The main reasons for this round of high jump in palm oil market are as follows:

Supply side: Malaysia's palm oil, the main producer, has entered the production increase cycle, with its output and inventory increasing and hitting new highs.

Futures: The supply of palm oil in the main producing countries is loose, the external futures market is declining, and the domestic palm oil futures market is weak.

Demand side: The terminal catering industry is in recession, and China domestic palm oil inventory has rebounded.

SunSirs agricultural product analyst believes that palm oil fell for more than five months in the second half of the year, and has reached a low point. As the Spring Festival approaches, the oil terminal stock market will start, and China terminal demand for palm oil is expected to increase. The market is expected to rise in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.