# Palm oil yet to bottom amid macro headwinds and bear fundamentals

> 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.

- Date: 2026-11-10 · published 2026-11-10T09:06:28.825Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/91472-palm-oil-yet-to-bottom-amid-macro-headwinds-and-bear-fundamentals
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5148227-palm-oil-yet-to-bottom-amid-macro-headwinds-and-bear-fundamentals-

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