According to the Commodity Market Analysis System of SunSirs, in early August, the domestic palm oil market saw a significant increase in price. On August 1st, the average market price of palm oil was 8,992 RMB/ton, and on August 13th, the average market price of palm oil was 9,522 RMB/ton, with a price increase of 5.89%.

In early August, the palm oil market experienced an upward trend. Malaysian palm oil is mainly beneficial. Among them, Malaysia's palm oil exports increased by 23.3% month on month from August 1st to 10th, 2025. Starting from August 10th, the export of palm oil in the external market has been strong, and the market has risen strongly for three consecutive days. The domestic palm oil futures market is heating up. On August 13th, palm oil closed at 9,490 RMB/ton, up 156 RMB/ton, and the futures price continues to rise. The spot market is rising. As of August 13th, the average price of palm oil in the market exceeded 9,500 RMB/ton, with a price increase of over 400 RMB/ton compared to the beginning of the month.

Palm oil analysts from SunSirs believe that in late August, the demand for terminal oils will remain flat, and palm oil in major producing countries is in the process of increasing production. The palm oil market may experience a correction in the future.

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