According to the Commodity Market Analysis System of SunSirs, the domestic palm oil market fluctuated and fell in September, with a decline of over 2%. On September 1st, the average market price of palm oil was 9,404 RMB/ton, and on September 26th, the average market price of palm oil was 9,208 RMB/ton, a decrease of 2.08%.

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.

Starting from September 11th, the palm oil market experienced an upward trend. Malaysian palm oil is mainly beneficial. Among them, from September 1st to 10th, 2025, the yield of palm oil in Malaysia decreased by 2.70% compared to the same period in the previous month. Malaysia's palm oil production has declined, while the external palm oil market has strengthened. The domestic palm oil futures market rose, with an average price of 9,400 RMB/ton on September 15th, an increase of 50 RMB/ton.

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.

At the end of the month, external bullish sentiment boosted the palm oil market, and prices continued to rise. As of September 26th, the average price of palm oil in the market was 9,208 RMB/ton, with a price increase of over 200 RMB/ton.

The palm oil analyst from SunSirs believes that after the National Day holiday, the demand for terminal oils and fats will increase, and the bullish trend in the external market is still present. It is expected that the palm oil market will rise in the future.

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