Commodity News
SunSirs: Bullish Support for the Tise of China Palm Oil Market
August 01 2022 13:11:12 SunSirs (Selena)
According to the data of SunSirs, the domestic palm oil market continued to rise last week, with the average market price of 10,120 yuan / ton, a weekly increase of 7.55%. The excellent rate of meidou in the external market was lowered, and the domestic soybean oil market rose with the market. Coupled with the low domestic palm oil inventory, multiple bullish support, the spot market of palm oil rose. SunSirs agricultural products analyst believes that the external market is still positive, and the future market of palm oil in China will still rise.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2024-04-12 SunSirs: Good News, China Palm Oil is Expected to Rise
- 2024-04-10 SunSirs: China Soybean Oil Market and Palm Oil Market Declined after the Qingming Festival
- 2024-03-25 SunSirs: Futures Market Boosting, China Soybean Oil and Palm Oil Market are Rising
- 2024-03-19 SunSirs: Positive Support, China Soybean Oil and Palm Oil Markets Rise
- 2024-03-08 SunSirs: Positive Support, China Soybean Oil and Palm Oil Market is Up
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