Core Viewpoint - Palm oil futures showed a strong performance, with the main contract rising by 1.22% to 9484.00 yuan/ton as of the report date [1] Market Inventory and Trade Data - As of September 12, 2025, the commercial inventory of palm oil in key regions reached 641,500 tons, an increase of 22,200 tons from the previous week, representing a growth of 3.58%. Year-on-year, this is an increase of 128,000 tons from 513,500 tons, marking a 24.92% rise [2] - On September 15, the trading volume of 24-degree palm oil at national ports was 200 tons, a decrease of 85.71% compared to the previous trading day [2] - According to shipping survey agency ITS, Malaysia's palm oil export volume from September 1 to 15 was 742,648 tons, an increase of 2.6% compared to 724,191 tons in the same period last month [2] Institutional Perspectives - Zhonghui Futures indicated that the biodiesel policies in Indonesia and Malaysia are favorable for palm oil market consumption expectations, with buying demand from China and India. The fundamental outlook remains bullish, suggesting a buy-on-dips strategy [3] - Jinxin Futures noted that the recent cumulative increase in the oilseed market has been significant, and with rising inventory pressure and lack of demand, the market's momentum for further gains is diminishing, leading to increased profit-taking pressure. A bearish outlook is suggested [3]
基本面展望偏多 棕榈油期货盘面表现偏强
Jin Tou Wang·2025-09-16 07:08