Commodity News
SunSirs: Negative Pressure, Palm Oil Market Declines in China
August 03 2023 10:05:03 SunSirs (Selena)
According to the market analysis system of SunSirs, on July 31st, the palm oil market fell, with a single day decline of over 2%, a decrease of 3.7% compared to last week's July 26th.
Malaysia's palm oil is in the midst of an increase in production cycle, with futures prices declining. Coupled with flat terminal demand, the spot market for palm oil is mainly declining. Due to the impact of high temperature weather, the demand for oil is poor, and the future palm oil market will continue to be weak and downward, with weak upward momentum.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2024-04-29 SunSirs: Driven by External Market, China Soybean Oil and Palm Oil Market Fluctuates and Rises
- 2024-04-18 SunSirs: Daily Report of China Commodity Data (April 18, 2024)
- 2024-04-18 SunSirs: Multiple Bearish Factors Intertwined, China Palm Oil Market is Oscillating and Falling
- 2024-04-12 SunSirs: Good News, China Palm Oil is Expected to Rise
- 2024-04-10 SunSirs: China Soybean Oil Market and Palm Oil Market Declined after the Qingming Festival
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