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2025-12-15 18:18:19
[Palm Oil Faces Supply and Demand Pressures, Key Support Levels Tested] ⑴ Palm oil prices fell as continued concerns about weak demand dominated trading sentiment. ⑵ David Ng, an institutional trader in Kuala Lumpur, pointed out that rising production is also putting pressure on prices, which could push up overall inventory levels in Malaysia. ⑶ The most active February contract on the Bursa Malaysia Derivatives Exchange fell 12 ringgit to close at 4,006 ringgit per tonne. ⑷ The trader believes that the key support level for crude palm oil futures is at 3,950 ringgit per tonne, while the resistance level is at 4,100 ringgit per tonne. ⑸ Prices are currently hovering within this key range, and the market is closely watching changes on both the supply and demand sides to determine whether prices will test the lower support level.
