Live Updates > Live Update Details
2025-09-12 18:16:00
[Palm oil faces "headwinds", and the focus of the bull-bear game emerges] ⑴ Palm oil prices closed lower yesterday, and market sentiment was dragged down by the weakening of soybean oil. Institutional trader David Ng said that concerns about rising domestic inventory levels are intensifying, which has put pressure on palm oil futures. ⑵ The trader pointed out that the support level of palm oil futures contracts is set at 4,400 ringgit per ton, while the resistance level is at 4,580 ringgit per ton. ⑶ The palm oil futures contract for delivery in November on the Malaysian Derivatives Exchange settled at 4,445 ringgit per ton yesterday, down 9 ringgit.
