伊以冲突促使市场寻找石油替代品，生物燃料价格飙升

Core Viewpoint - The Israel-Palestine conflict has led to increased energy costs, prompting a surge in the prices of biofuels such as palm oil and soybean oil, driven by rising demand for alternative energy sources [1] Group 1: Price Movements - Soybean oil prices have risen by 11% to over 55 cents per pound since last Thursday, marking the highest level since October 2023 [1] - Palm oil prices, which had been declining due to oversupply, have increased by over 6% this week to nearly 4100 ringgit per ton [1] Group 2: Market Drivers - The primary reason for the rise in biofuel prices is the increase in energy and crude oil prices due to the ongoing conflict [1] - Rising energy prices have elevated palm oil production costs and boosted potential demand for biofuels as an alternative energy source [1] Group 3: Supply and Demand Dynamics - As of the end of May, U.S. soybean oil inventories have dropped to 1.37 billion pounds, a 20% decrease compared to the same period last year, representing the lowest level for May since 2004 [1] - Domestic demand has increased due to policy support, alongside rising crude oil prices and tightening supply, which have further bolstered the market [1]