S&P Global Platts reported that Dated Brent fell about 5% in the week of January 24 to 31, while copper saw a larger decline. Several airlines suspended or reduced flights due to the coronavirus, and Platts forecast jet fuel demand could fall by 618,000 to 1 million barrels a day in February.
Crude palm oil prices dropped sharply, correcting 10% in one day after a three-month rally, as China, the second-largest palm oil buyer, faced weaker demand.
Projected jet fuel and energy demand losses point to bearish crude and diesel prices. The palm oil sell-off signals weaker vegetable oil demand from China, which pressures palm-based feed and food oil prices.
Setelah 26 peristiwa penyakit bearish sebelumnya, Minyak Mentah (Brent) bergerak median -6,0% selama 5 sesi (15% lebih tinggi; separuh tengah -13,3% sampai -2,0%), dan -6,8% selama 20 sesi.
Setelah 13 peristiwa penyakit bearish sebelumnya, ULSD / Solar bergerak median -5,1% selama 5 sesi (38% lebih tinggi; separuh tengah -6,3% sampai +1,2%), dan -6,1% selama 20 sesi.
Setelah 10 peristiwa penyakit bearish sebelumnya, Minyak Sawit bergerak median +0,4% selama 5 sesi (50% lebih tinggi; separuh tengah -5,0% sampai +1,3%), dan -8,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Notes crude palm oil corrected 10% in one day on weaker Chinese demand, plus broader commodity and crude oil weakness that spilled over into vegetable oils.