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2025-09-17 18:41:08
Palm oil rebounds strongly, driven by export data and stock market volatility. (1) Palm oil futures prices closed higher on Wednesday (September 17th), with the December contract on the Bursa Malaysia Derivatives Exchange rising 0.1% to 4,474 ringgit per ton. This rally was primarily driven by strong export performance, which provided strong support for the market. (2) Institutional analysts note that while weakening soybean oil prices may weigh on market sentiment, palm oil prices are expected to find support above 4,400 ringgit per ton and face resistance at 4,550 ringgit per ton. (3) In addition, the broad rally in Asian and US stock markets also boosted investor sentiment, providing a favorable macroeconomic environment for palm oil prices.
