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China’s palm oil futures and spot prices fell sharply over the past two months; the national spot average dropped 5.37% in the week to November 10. The article attributes the decline to weaker crude oil prices and biodiesel economics, expectations for greater Malaysian and Indonesian supply, and high domestic inventories.
Lower crude prices weaken biodiesel demand support for palm oil, while rising origin supply and ample Chinese stocks add to selling pressure. These factors point to continued downside risk for palm oil prices.
mysteel.netNov 10, 2026Not enough comparable past events yet for a historical read.
Not 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.
