
Malaysian palm oil futures fell 7.5% on 21 April to their lowest since August 2019, following a collapse in US crude oil futures that settled negative the previous day. Palm oil's biodiesel demand weakened as the energy price slump made palm-based biodiesel uneconomic against gas oil.
Chinese soyabean oil and palm oil futures also fell on the Dalian exchange.
Palm oil prices are closely tied to crude oil through biodiesel blending economics, so the energy price collapse removes a key demand support and points to continued price weakness.
과거 하락 거시 이벤트 51건 이후, 팜유은 5거래일 동안 중앙값 -1.3% 변동(상승 35%; 중간 50% 범위 -4.1%~+1.1%), 20거래일 동안 -1.8%.
과거 하락 거시 이벤트 565건 이후, 원유 (WTI)은 5거래일 동안 중앙값 -1.4% 변동(상승 41%; 중간 50% 범위 -5.9%~+3.0%), 20거래일 동안 -0.5%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
The crude oil collapse made palm biodiesel uneconomic and weakened a key demand channel, but the 7.5% fall was on 21 April, before the 5-day window, so it is background pressure.