According to the Commodity Market Analysis System of SunSirs, starting from September, the domestic palm oil market has fluctuated with ups and downs, mainly oscillating upwards. On September 1st, the average market price of palm oil was 9,404 RMB/ton, and on September 9th, the average market price of palm oil was 9,520 RMB/ton, with a price increase of 1.23%.

At the beginning of September, the palm oil market fluctuated, with the overall trend being dominated by the market. Malaysian palm oil is mainly beneficial. Among them, from September 1st to 5th, the yield of palm oil in Malaysia decreased by 5.70% compared to the same period last month. The external palm oil market is supported by bullish sentiment, and the overall market is strong. The domestic palm oil futures market is rising. Due to weak demand for terminal oils, the palm oil spot market oscillates and rises. On September 9th, palm oil closed at 9,486 RMB/ton, up 48 RMB/ton. The futures market is boosted, and the spot market is supported, with overall high operation.

The palm oil analyst from SunSirs believes that in mid September, the rigid demand for terminal oils and fats will increase, supported by the external palm oil market, and the palm oil market is expected to rise in the future.

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