According to the Commodity Market Analysis System of SunSirs, the domestic palm oil market operated weakly in November, oscillating and falling, with a decline of over 3%. On November 1st, the average market price of palm oil was 8,818 RMB/ton. On November 26th, the average market price of palm oil was 8,470 RMB/ton, a decrease of 3.95%.

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 15th, the average price of palm oil in the market was 8,690 RMB/ton, a decrease of 100 RMB/ton.

After mid month, Malaysia's palm oil exports declined. According to data, from November 1st to 20th, Malaysia's palm oil exports decreased by 14.1% to 20.5% month on month. The overseas palm oil market has declined, while the domestic palm oil market has shown weak rebound, with weak declines being the main trend. As of November 26th, the average price of palm oil in the market has dropped to 8,470 RMB/ton, a decrease of over 300 RMB/ton from the beginning of the month and a decrease of nearly 4% from the beginning of the month.

Palm oil analysts from SunSirs believe that in December, the rigid demand for terminal oils and fats will be boosted, and the external market will be bullish, which may lead to a rebound in the palm oil market in the future.

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