
Malaysian palm oil futures fell sharply after Dalian futures dropped their daily limit of 7% when trading resumed following China's Lunar New Year break. The coronavirus outbreak has disrupted travel and activity in China, the second-largest palm oil importer.
India had also restricted refined palm oil imports and informally halted purchases from Malaysia in January.
Lower Chinese demand combined with India's import curbs removes major outlets for Malaysian palm oil, pressuring prices. Traders see the benchmark possibly falling below 2,500 ringgit if disruption persists.
在过去 158 次看跌的贸易事件之后,棕榈油 在 5 个交易日内中位数变动 +0.0%(51% 上涨;中间一半区间为 -1.3% 至 +0.8%),20 个交易日内为 -1.4%。
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。
Dalian futures fell their 7% daily limit on reopening after Lunar New Year, and coronavirus disruption in China plus Indian import curbs drove the sharp drop in Malaysian palm futures on Feb 3.
Dalian palm futures hit limit-down on reopening after Lunar New Year while coronavirus disrupted demand from China and India curbed refined palm imports, directly driving the sharp drop in Malaysian futures.