negative factors vegetable oil
2013-08-26 by seoer9
General decline in palm oil prices domestic ports, market purchase and sale light, multi wait. Coastal palm olein sales price concentrate, rose before the Spring Festival, is expected next week, palm oil prices will be vulnerable to run the port, but the pace slowed down and have a stable feed plant, the operation is still recommended as used with the purchase, Kuaijinkuaichu lock in profits . Negative factors: First, the main producing countries will enter a period of 8-10 months of production cycle, and two global consumer, China and India, palm oil inventories are at historically high levels, the main producing countries production growth while consumption has slowed, palm oil prices in the international market will be running low price for volume. Second, a quarter of China's palm oil imports speed has not briquette press, but did not keep up with demand, palm oil stocks rose ring ports, combined with the short term is difficult to quickly temperatures rise, and many domestic ban bulk oil, palm oil consumption will remain weak, palm oil destocking will be a long process, which will suppress prices. Third South American soybean harvest, soybean oil prices fall, but also hurt the domestic palm oil spot prices.