echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Active Ingredient News > Feed Industry News > Malaysian palm oil prices rebound

    Malaysian palm oil prices rebound

    • Last Update: 2002-03-04
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Introduction: traders said on Friday that Malaysian crude palm oil futures rebounded due to a technical correction, and they expect new trade to be generated by industry gatherings in China and next week One trader said: "the market price will be 1150-1180 ringgit / ton next week I think the price will rise slightly, mainly depending on China." Traders say China will be a key factor in whether Malaysian palm oil futures will reach the maximum of rm1315 / t set up on August 8 last year The benchmark may contract rose 12 ringgit to 1162 ringgit (US $305.79) / ton in the closing third month, with the lowest price of 1141 ringgit / ton, higher than the key support of 1135 ringgit / ton Volume was 2215 Traders say the annual palm oil and lauric acid oil meeting in the Malaysian capital from March 6 to 8 is expected to provide new directions for the market Traders said there was news that China could delay the issuance of palm oil import licenses to the second week of March, becoming a key factor affecting the market There were also reports of delays in licensing in China's market on Friday China has announced a long-awaited quota of 2.4 million tons of palm oil imports this year, up from 1.4 million tons last year In the aspect of natural palm oil, in March, the offer price of southern and central regions of the contract was 1145 ringgit / ton, and the offer price was 1140 ringgit / ton It was reported that the transaction price of southern region was 1137.50-1140 ringgit / ton, and that of central region was 1140 ringgit / ton In April, the offer price of southern and central China was 1160 ringgit / ton, and the offer price was 1150 ringgit / ton No transaction was reported.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.