According to the Commodity Market Analysis System of SunSirs, the domestic palm oil market has been fluctuating downward since November 1st. On November 1st, the average market price of palm oil was 8,818 RMB/ton, and on November 13th, the average market price of palm oil was 8,710 RMB/ton, a decrease of 1.22% in price.

Since November, the Malaysian palm oil market has experienced mixed ups and downs in the external market. Among them, Malaysia's palm oil production is expected to increase, with South Malaysia's palm oil production increasing by 5.55% month on month from October 1st to 31st. Malaysia's palm oil exports are strong, with mixed long and short positions in the external market. The domestic palm oil futures market oscillates downward, while the spot market rises and falls, resulting in an overall weak operation. As of November 13th, the average price of palm oil in the market was 8,710 RMB/ton, a decrease of 100 RMB/ton.

The palm oil analyst from SunSirs believes that in late November, Malaysian palm oil is in a production increase cycle, dominated by negative factors, and the palm oil market will continue to weaken in the future.

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