According to the Commodity Market Analysis System of SunSirs, starting from September 23rd, the domestic palm oil market has gradually risen, with prices increasing. During the National Day holiday, palm oil prices continued to rise in foreign markets, and after the holiday, palm oil opened with a significant increase, with spot prices following suit. On September 23rd, the average market price of palm oil was 8,972 RMB/ton, and on October 9th, the average market price of palm oil was 9,598 RMB/ton, with a price increase of 6.98%.

Since September 23rd, the palm oil market has strengthened. The boosting effect of Malaysian palm oil is limited. Among them, the palm oil production in Malaysia decreased by 2.42% month on month from September 1st to 30th, 2025. Malaysia's palm oil production is expected to decline, while offshore palm oil futures prices are expected to rise. During the National Day holiday, Malaysia's palm oil export data was strong, and inventory estimates were lowered. The overseas palm oil market continues to rise, with an increase of over 4%. Palm oil opened sharply after the holiday, with an opening price of 9,452 RMB/ton and a closing price of 9,570 RMB/ton, up 3.05% from September 30th. The futures market has been boosted, and the domestic palm oil spot market has also risen, with an average market price of 9,600 RMB/ton and a daily increase of over 300 RMB/ton.

The palm oil analyst from SunSirs believes that the significant rise in the palm oil market this round is mainly due to the external market pull during the National Day period, which led to a supplementary increase. The market has risen too high, and after the sharp rise, it has gradually experienced a downward trend. In the fourth quarter, palm oil enters the peak season, and rigid demand increases. It is expected that the palm oil market will mainly fluctuate and rise in the future.

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