
Dorab Mistry said Malaysian palm oil stocks are likely to exceed 3 million tons by the end of October, which will weigh on prices. The benchmark fell 1.58% to 4,537 ringgit after reaching a near two-year high of 5,049 ringgit in mid-September.
Mistry also noted that Indonesia's planned 50% biodiesel blending mandate could tighten supplies.
Indonesia's biodiesel mandate would absorb more palm oil and support prices, while high inventories are the near-term constraint. The net effect leaves palm oil prices range-bound.
過去の中立な政策イベント513件の後、パーム油 は5営業日で中央値 0.0% 動き(50% が上昇。中央50%は -1.6% から +1.4%)、20営業日では -0.1% 動きました。
過去の中立な政策イベント187件の後、原油(WTI) は5営業日で中央値 -0.1% 動き(49% が上昇。中央50%は -4.0% から +3.5%)、20営業日では +0.1% 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。
Mistry's view that Malaysian stocks will exceed 3 million tons caps prices, and the retreat from the mid-September high of 5,049 ringgit shows bearish stock sentiment.
Same-day analyst view that Malaysian stocks will exceed 3 million tons weighs on prices, with the benchmark down sharply from mid-September highs (supply and sentiment).