Palm oil futures were heading for their worst week in 11 years, down more than 12% so far that week and about 27% below the January peak. The decline was attributed to slumping crude oil prices, weaker Malaysian exports and concern about the coronavirus spreading.
Lower crude prices reduce palm oil's appeal as a biofuel feedstock, and weaker export demand adds to downward pressure on prices. Feed buyers can expect cheaper vegetable oil inputs, while the bear market signals weaker demand expectations.
Na 51 eerdere neerwaarts macro-gebeurtenissen bewoog Palmolie zich mediaan -1,3% over 5 sessies (35% hoger; middelste helft -4,1% tot +1,1%), en -1,8% over 20.
Na 565 eerdere neerwaarts macro-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -1,4% over 5 sessies (41% hoger; middelste helft -5,9% tot +3,0%), en -0,5% over 20.
Na 312 eerdere neerwaarts macro-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -1,7% over 5 sessies (38% hoger; middelste helft -5,4% tot +2,3%), en -1,7% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Describes the worst weekly fall in 11 years, driven by weak crude oil, weaker Malaysian exports and virus concerns, which matches the window and the size of the move.
Worst weekly decline in 11 years driven by crude oil slump, weak exports and virus fears points to demand-destruction and forced liquidation that likely extended into Mar 2.