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2026-07-13 19:10:13
[Palm oil trading volume remains low, with a weekly average of less than 500 tons, indicating continued weak demand] ⑴ On Monday, the trading volume of 24-degree palm oil at national ports was 959 tons, a slight increase of 0.95% compared to the previous trading day. The absolute volume remains low, and market activity has not shown significant improvement. ⑵ Last week, palm oil trading volume showed a trend of first decreasing and then increasing. It reached 500 tons on July 6th, declined to 220 tons on July 8th, remained flat at 220 tons on July 9th, and rebounded to 950 tons on July 10th. The rebound in the latter half of the week was mainly due to the low base effect, not a substantial recovery in demand. ⑶ Last week, the average daily trading volume of palm oil was only about 472 tons, which is relatively low in recent years. The total weekly trading volume was less than 2,400 tons, indicating extremely cautious purchasing intentions from end-users. ⑷ The continued sluggishness of palm oil spot trading, coupled with the low trading volume of soybean oil, reflects a lack of overall demand in the edible oil sector, with downstream enterprises maintaining a just-in-time purchasing strategy. (5) We should pay attention to changes in palm oil import profits and export policy trends of major producing countries. If transaction volume continues to be unable to increase, the pressure of port inventory accumulation may gradually rise, which will drag down the spot basis and the price of near-month contracts.
