# Oil and Fats Daily: Black Sea geopolitical premium hard to clear, oils trading firm with volatility

> Chinese futures closed higher on Nov 12: palm oil 2701 rose 1.62% to 8997 yuan/t, rapeseed oil rose 1.29%, and soybean oil was roughly flat. Malaysia's Nov 1-10 palm output fell 26.05% month on month, and SGS estimated exports for the same period at 230,099 t, down 43.37%. The Zhengzhou sunflower oil futures launched and its lead contract closed at 10,133 yuan/t, above the 10,000 base price.

- Date: 2026-11-13 · published 2026-11-13T06:06:01.844Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/97169-oil-and-fats-daily-black-sea-geopolitical-premium-hard-to-clear-oils-trading
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower Malaysian output and firm overseas markets support palm oil, while high domestic palm and soybean oil stocks cap gains. Analysts expect the Black Sea risk premium to persist and keep the outlook neutral.

## Read by commodity

- SBO: neutral
- CANMEAL: neutral
- PALMOIL: bullish ▲

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-13/doc-iniypzqc1102030.shtml

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