According to the monitoring of the National Grain and Oil Information Center, during the week of February 6th, the commercial inventory of palm oil in China was 760,000 tons, an increase of 20,000 tons on a weekly basis, basically unchanged on a monthly basis, and an increase of 290,000 tons year-on-year.

According to monitoring by the National Grain and Oil Information Center, the commercial inventory of palm oil in China for the week of February 6th was 760,000 tons, an increase of 20,000 tons compared to the previous week. The month on month ratio remained relatively stable, but there was a significant increase of 290,000 tons compared to the same period last year. The increase in inventory indicates sufficient supply at present, while demand is relatively weak, which will exert downward pressure on spot prices. Although the slight increase in the week on week ratio and the unchanged month on month ratio did not show a sharp deterioration, the significant year-on-year growth highlights the risk of medium to long-term oversupply. This may lead to short-term pressure on spot prices, and it is recommended to pay attention to changes in downstream demand to evaluate future trends.

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