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Malaysian crude palm oil prices were set to firm on Thursday as Chinese demand rose ahead of Lunar New Year and other vegetable oil prices increased. Malaysian CPO exports rose 6-9% in December 2017, and further export growth was expected in January 2018.
China is described as the second-largest CPO importer after India.
Chinese restocking ahead of the holiday adds demand for palm oil at a time of rising exports, supporting palm oil prices. Higher vegetable oil prices also tend to lift substitutes.
en.infosawit.comInfoSAWIT English2018/01/06過去の強気な貿易イベント133件の後、パーム油 は5営業日で中央値 +0.7% 動き（64% が上昇。中央50%は -0.8% から +2.3%）、20営業日では +1.7% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Rising December exports and expected Chinese pre-Lunar New Year buying, plus firmer other vegetable oils, supported demand and prices.
