Commodity News
SunSirs: China Palm Oil Market Rose sharply on November 1
November 02 2022 13:25:16 SunSirs (Selena)
According to the monitoring data of SunSirs, on November 1, the average price of palm oil in the domestic market was 8,566 RMB/ ton. The market rose sharply, and the spot price rose 3.28% on a single day. The market of Mapan palm oil rose sharply, domestic palm oil futures rose, and spot prices rose with the market. In addition, palm oil is cheaper than soybean oil and rapeseed oil. In the peak oil consumption season, the price of palm oil continues to rise, supported by rigid demand. Future forecast: The bullish factors are still there, and palm oil still has room to rise in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 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
- 2024-03-25 SunSirs: Futures Market Boosting, China Soybean Oil and Palm Oil Market are Rising
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