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China’s spot soybean oil–palm oil spread turned positive on October 23 and widened by 210 yuan per tonne to 255 yuan per tonne by November 6. The report attributes relative support for soybean oil to crushers’ pricing stance and plans for domestic stockpiling, while expectations of high Malaysian palm oil inventories and easing geopolitical tensions have weighed on palm oil.
Expected high Malaysian stocks could pressure palm oil prices, while domestic stockpiling and crusher selling behavior provide relative support to soybean oil; this favors a wider soy-palm spread. Both oils are still described as facing near-term downward pressure.
goodsfu.10jqka.com.cnNov 7, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
