Market Review - Domestic oilseed market showed a strong fluctuation on Monday, with palm oil futures for the 2601 contract rising by 1.67% to 9482 CNY/ton [1] Fundamental Summary - As of August 29, 2025, the commercial inventory of palm oil in key regions of China reached 610,100 tons, an increase of 28,000 tons (4.81%) from the previous week, and a year-on-year increase of 1.65% from 593,700 tons [2] - The Planters' Association of Ceylon reiterated its call for lifting the palm oil planting ban, with the current government showing positive acceptance of their proposal [2] - AmInvestment Bank reported on September 2 that crude palm oil futures are expected to trend downward due to seasonal production increases and cautious market sentiment, with support at 4,353 MYR/ton and resistance at 4,429 MYR/ton [2] Institutional Perspectives - Zhengxin Futures noted that palm oil production in Malaysia decreased in August while exports increased, leading to a slowdown in inventory accumulation; Indonesia's palm oil inventory fell to 2.5 million tons, with cumulative exports up by 10.95% year-on-year [3] - Zhonghui Futures highlighted that policies in Indonesia and Malaysia are favorable for palm oil market consumption expectations, with demand from China and India; the outlook remains bullish, suggesting a buying strategy on dips [3] - The potential reduction of export tariffs on Indonesian palm oil to the U.S. may negatively impact palm oil prices, but strong export data from Malaysia in August warrants caution against aggressive short positions [3]
东南亚供需及政策仍有支撑 棕榈油逢低看多思路
Jin Tou Wang·2025-09-02 06:03