According to the Commodity Market Analysis System of SunSirs, the domestic palm oil market has continued to decline weakly since May, with a drop of over 2%. On May 1st, the average market price of palm oil was 8,760 RMB/ton, and on May 21st, the average market price of palm oil was 8,584 RMB/ton, a decrease of 2.01% in price.

Starting from May, the main producing country of Malaysian palm oil is still in a production increase cycle. According to data released by MPOA, Malaysian palm oil production increased by 8.50% from May 1-15, 2025. The external market is dominated by bearish sentiment, with weak upward momentum in the palm oil market and an overall weak downward trend. The domestic palm oil futures market followed suit and fell, the weather warmed up, the substitution effect of palm oil increased, and the spot market fluctuated, with an overall downward trend. As of May 21st, the average price of palm oil in the market has dropped to 8,584 RMB/ton, a decrease of nearly 200 RMB/ton compared to the beginning of the month.

Palm oil analysts from SunSirs believe that by the end of May, the demand for terminal oils and fats had gradually declined, and major producing countries were in a production increase cycle. The palm oil market may continue to decline weakly in the future.

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