According to the Commodity Market Analysis System of SunSirs, in early July, the domestic palm oil market rebounded and steadily rose. On July 1st, the average market price of palm oil was 8,600 RMB/ton, and on July 11th, the average market price of palm oil was 8,944 RMB/ton, with a price increase of 4%.

Starting from July, the palm oil market has rebounded. The estimated palm oil production in Malaysia has been lowered. It is reported that from June 1st to 30th, Malaysia's palm oil production was 1.69 million tons, a decrease of 4.69% compared to the previous period. The overseas palm oil market has improved, the domestic palm oil futures market has risen, and the spot market has heated up. The demand for terminal oils is poor, with a combination of long and short positions, causing the domestic palm oil market to fluctuate and rise. As of July 11th, the average price of palm oil in the market has risen to 8,944 RMB/ton, with a price increase of over 300 RMB/ton.

The palm oil analyst from SunSirs believes that in late July, the demand for terminal oils will be weak, and the palm oil production in major producing countries is expected to decline. The palm oil market will continue to fluctuate widely in the future.

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