SunSirs: Bullish Support for the Tise of China Palm Oil Market

https://www.chemnet.com   Aug 01,2022 SunSirs

　　According to the data of SunSirs, the domestic palm oil market continued to rise last week, with the average market price of 10,120 yuan / ton, a weekly increase of 7.55%. The excellent rate of meidou in the external market was lowered, and the domestic soybean oil market rose with the market. Coupled with the low domestic palm oil inventory, multiple bullish support, the spot market of palm oil rose. SunSirs agricultural products analyst believes that the external market is still positive, and the future market of palm oil in China will still rise.

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