According to the Commodity Market Analysis System of Shengyi Society, starting from November 18th, negative sentiment has suppressed the palm oil spot market, causing a fluctuating decline with an overall increase of over 3%. On November 18th, the average market price of palm oil was 9664 yuan/ton, and on November 21st, the average market price of palm oil was 9764 yuan/ton, a decrease of 3.42% in price.
| Gamma-PGA (gamma polyglutamic acid) |
Negative pressure suppresses the downward trend of domestic palm oil market
On November 18th, the palm oil market weakened and prices continued to decline. This round of palm oil decline is mainly due to the outflow of bullish Malaysian palm oil futures in the external market, resulting in a decline in the market. The domestic palm oil futures market followed suit and the spot market weakened. The average price of palm oil in the domestic market has fallen below 10000 yuan, with a drop of nearly 4% in this round.
Li Bing, a palm oil analyst at Shengyi Society, believes that at the end of November, with the support of rigid demand for oil terminals, the palm oil market will continue to stabilize and stop falling in the future.
| http://www.lubonchem.com/ |