# Crude palm oil futures to see cautious trading - Focus Malaysia

> Crude palm oil futures on Bursa Malaysia Derivatives fell sharply on a Tuesday, their biggest intraday drop in over seven years, on concerns about coronavirus demand in China. Dealers expect cautious trading next week, with prices in a RM2,800 to RM2,900 range.

- Date: 2020-02-01 · published 2020-02-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/4959-crude-palm-oil-futures-to-see-cautious-trading-focus-malaysia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weekly declines across the futures curve reflect demand worries from China and a market waiting on Malaysia's January production data. Prices are likely to stay range-bound until the outbreak is contained.

## Read by commodity

- PALMOIL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-03 | 5 | -12.8% | -4.9 | Reports the biggest intraday drop in over seven years on coronavirus demand fears, a sentiment and demand shock within the move window. |
| PALMOIL | 2020-02-03 | 1 | -11.4% | -8.1 | Reports the record intraday drop in Bursa palm futures on China coronavirus demand fears, showing the same sentiment-driven selling that carried into Feb 3, though dated before the move. |

## Sources

- focusmalaysia.my: https://focusmalaysia.my/crude-palm-oil-futures-to-see-cautious-trading-next-week/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.