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Southeast Asian PME biodiesel export prices held steady at $710-770 per tonne FOB in the week to July 20 as buyers waited for a decision on EU anti-dumping duties. The duties on Indonesian PME and Argentine soy biodiesel, in place since 2013, are scheduled to end in July.
Expected removal of EU duties could lift PME demand for Indonesian and Malaysian palm oil, but it could also bring cheaper Argentine soy biodiesel into Europe and pressure soybean oil.
vinachem.com.vnJul 24, 2017After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
