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2026-07-14 19:26:11
[Domestic Palm Oil Transactions Plunge to 100 Tons, Spot Market Reaches Freezing Point] ⑴ On Tuesday, the transaction volume of 24-degree palm oil at national ports was only 100 tons, a sharp drop of 89.57% compared to the previous trading day, setting a new recent record for single-day transaction volume, indicating a sharp cooling of market sentiment. ⑵ Looking back at the previous few trading days, the transaction volume of 959 tons on Friday and 950 tons on Thursday were both in a relatively active range, with a weekly average of about 472 tons. Tuesday's data was far below the average level, reflecting a precipitous contraction in downstream purchasing intentions. ⑶ Although the transaction volume of 959 tons on Monday increased slightly by 0.95% compared to the previous week, it did not continue the upward trend. On Tuesday, it quickly fell back to the 100-ton level, showing a lack of sustained momentum on the demand side, with buyers adopting a wait-and-see attitude at the current price range. (4) In terms of transaction volume, transactions fluctuated between 220 and 950 tons for three consecutive days from July 8th to 10th. The volume remained flat on the 9th compared to the previous day, while it plummeted by 56% on the 8th, indicating that the market was already in a weak equilibrium, and external disturbances could easily trigger a sharp drop in transactions. (5) The sluggish spot market contrasts sharply with the volatility in the futures market. The sharp drop in palm oil transactions may reflect that downstream end-user inventories are still sufficient and their willingness to replenish stocks is insufficient. It is also necessary to pay attention to whether the inverted import profit margin has dampened traders' purchasing enthusiasm.
