According to the Commodity Market Analysis System of SunSirs, the domestic palm oil market has weakened and continued to decline since September 16th. On September 16th, the average market price of palm oil was 9,516 RMB/ton, and on September 23rd, the average market price of palm oil was 8,972 RMB/ton, a decrease of 5.72% in price.

Since September 16th, the palm oil market has fluctuated and fallen. The boosting effect of Malaysian palm oil is limited. Among them, from September 1st to 20th, the yield of palm oil in Malaysia decreased by 6.57% month on month and 7.89% year-on-year. Malaysia's palm oil production has entered a seasonal reduction cycle, with an overall trend towards excess. The palm oil market in the external market showed mixed ups and downs. The domestic palm oil terminal demand is sluggish, and the palm oil futures market has fallen sharply. On September 23, the main contract for palm oil closed at 9,054 RMB/ton, a decrease of 272 RMB/ton. The average spot market price of palm oil has fallen below 9,000 RMB/ton, a decrease of over 500 RMB/ton compared to September 16th.

The palm oil analyst from SunSirs believes that at the end of September, the demand for terminal oils and fats weakened, and the external palm oil market was uncertain. There is still hope for an upward trend in the palm oil market in the future.

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