减产季即将到来 棕榈油期货价格震荡

Core Viewpoint - The domestic palm oil futures market is experiencing a mixed performance with prices showing a slight upward trend, influenced by various factors including production changes and weather conditions [1] Group 1: Market Performance - As of November 27, the main contract for palm oil futures opened at 8420.00 yuan/ton, with intraday fluctuations leading to a peak of 8540.00 yuan and a low of 8406.00 yuan, resulting in an increase of approximately 1.81% [1] - The overall market for palm oil is characterized by strong performance despite mixed market conditions, with the futures prices showing a trend of oscillation upwards [1] Group 2: Production and Supply Factors - Zhengxin Futures noted an increase in Malaysia's palm oil production month-on-month, with improvements in fresh fruit bunch yield and oil extraction rates; however, the spot transaction volume was zero, leading to price fluctuations [1] - Ningzheng Futures indicated that the onset of the rainy season in Malaysia suggests an upcoming reduction in production, with a significant decrease in palm oil output expected compared to the first 20 days of the month, alongside flooding in Indonesia that may support future prices [1] - Everbright Futures reported a seasonal increase in Malaysian palm oil production coupled with a decrease in exports, resulting in significant inventory pressure; Indonesian palm oil spot prices have fallen while Malaysian prices have risen, contributing to a generally oscillating market [1]