棕榈油震荡偏强运行

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The report anticipates that palm oil prices will fluctuate at a low level. Although the Sino - US trade situation is uncertain, macro - disturbances are intensifying, and there is a large inventory pressure of Malaysian palm oil during the October production season, which suppresses prices, it is expected that the Malaysian palm oil inventory may reach an inflection point, and the progress of Indonesian biodiesel provides support at the bottom. Therefore, investors are advised to look for opportunities to go long at low prices [2][13]. 3. Summary by Directory 1. Palm Oil Price Market Review The report presents a chart of the average price trend of 24 - degree palm oil (yuan/ton), but no specific analysis of the price trend is provided [4]. 2. Supply Situation Analysis The report shows a chart of China's palm oil import data, but no detailed analysis of the supply situation is given [6]. 3. Demand Situation Analysis The report provides a chart of the statistical average transaction price of palm oil (yuan/ton), but does not offer in - depth analysis of the demand situation [8]. 4. Cost - Profit Analysis The report includes a chart of palm oil import costs and profits (yuan/ton), but no specific analysis of cost - profit is presented [11]. 5. Market Outlook The Sino - US trade situation is uncertain, macro - disturbances are intensifying, and the increase in risks has led to an enhanced risk - aversion sentiment among funds, resulting in continuous reduction of palm oil positions. The large inventory pressure of Malaysian palm oil and the October production season suppress palm oil prices. However, the Malaysian palm oil inventory may reach an inflection point, and the progress of Indonesian biodiesel provides support at the bottom. Thus, palm oil prices are expected to fluctuate at a low level, and investors should look for opportunities to go long at low prices [2][13].