jokermegawaysslot| The main contract of palm oil futures: The closing price fell by 2.45% at noon, and low imports and inventories affected the market outlook

Newsletter summary

On April 25, the main contract of palm oil futures fluctuated, with a decrease of 2%.Jokermegawaysslot.45%. Inventories in coastal areas have declined and Pakistan's imports have decreased compared with the same period last year. The turnover of domestic ports has increased, and the market is concerned about the recovery of production and import profits. Zhengxin Futures recommends that attention should be paid to the opportunity of widening price spreads, and Donghai Futures believes that the strong reality and weak expectation structure of Malay palm oil will remain unchanged.

Text of news flash

[on April 25, the palm oil futures market showed a mixed trend] the domestic futures market ushered in a new situation on April 25.JokermegawaysslotOne day, the main contract of palm oil futures was quoted at 7470 at the beginning of trading.Jokermegawaysslot.00 yuan per ton. Subsequently, the market experienced a day of low shocks, and at midday, the main palm oil contract reached as high as 7516.00 yuan and as low as 7316.00 yuan, an overall decline of 2.45%. According to the latest market monitoring data, total palm oil stocks in China's coastal areas totaled 500000 tons as of April 19, down 20, 000 tons from last week and 70, 000 tons from last month. Compared with the same period last year, it is a decrease of 360000 tons. Specific to each region, the edible palm oil stock is 70, 000 tons in Tianjin, 150000 tons in Jiangsu and 170000 tons in Guangdong. [Pakistan's palm oil imports fell year-on-year] according to the Pakistan Bureau of Statistics, Pakistan imported about 2.263 million tons of palm oil between July and March in fiscal year 2023, with a total value of US $2.084 billion. Compared with the same period last year, imports decreased by 128000 tons, with a total value of US $113 million. [month-on-month increase in trading volume of palm oil in national ports] on April 24, the trading volume of 24 degrees palm oil in ports across the country reached 270 tons, a sharp increase of 170% compared with the previous trading day. Future outlook: how will palm oil futures market perform?Jokermegawaysslot? For the future trend of palm oil futures, which is the focus of the futures market, various futures companies have given their analysis and forecasts. Zhengxin Futures believes that although the initial sowing progress of American beans is relatively fast, but under the influence of weather speculation expectations, CBOT soybeans have been supported at the $1150 mark and rebounded. The market is concerned about the decline in horse palm production in April while the export volume is increasing. The import volume and inventory of domestic palm oil are at a low level, but recently there has been an increase in the number of ships bought, especially in the distant months. Although the price of palm oil at home and abroad has stopped falling, driven by rape oil, it is still weaker than soybean oil as a whole. East China Sea Futures pointed out that Malaysian palm oil stocks fell to a 10-month low than expected, while exports maintained a month-on-month increase in April, but production recovery was limited. The strong reality and weak expectation structure of Malaysian palm oil has not changed. At present, the price of palm oil has fallen mainly due to the influence of the prices of other oil and oils. Domestic import profits have improved, and interest in buying ships in the distant months has also increased. However, prices are under obvious pressure due to weak real demand. In the later stage, the market needs to pay attention to the oil price and the recovery of production in the producing area.