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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年1月6日在过去 133 次看涨的贸易事件之后，棕榈油 在 5 个交易日内中位数变动 +0.7%（64% 上涨；中间一半区间为 -0.8% 至 +2.3%），20 个交易日内为 +1.7%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Rising December exports and expected Chinese pre-Lunar New Year buying, plus firmer other vegetable oils, supported demand and prices.
