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Southeast Asian palm methyl ester biodiesel prices are supported by firm palm oil values, with workable export offers of $710-760/tonne FOB. The US preliminary decision on 23 August to impose antidumping duties on Indonesian biodiesel clouds the outlook.
Firm feedstock prices support biodiesel values, but the loss of US demand from the duties limits upside and could weigh on palm oil demand.
vinachem.com.vnAug 24, 2017After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
