Affected by multiple factors, the prices of palm oil both domestically and internationally have fluctuated narrowly recently, and the inverted range of palm oil import prices for recent shipping schedules in China has narrowed. Monitoring shows that on November 13th, December, and January, the cost of paying taxes for palm oil arriving at the port in South China was 38 RMB/ton and 108 RMB/ton higher than the contract price of palm oil 2601 on the trading firm, respectively. The reverse range decreased by 40 RMB/ton compared to last week.

In the short term, with high palm oil inventories in production areas and the possibility of Malaysia's annual palm oil production reaching a new high, coupled with a decline in overseas export demand, there is a lack of favorable factors for palm oil fundamentals, making it difficult for prices to have an upward driving force, and may continue to maintain bottoming out fluctuations. In the long run, Indonesia's continued promotion of the B50 diesel plan may reduce global palm oil supply, and the focus of palm oil prices is still expected to shift upward.

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