Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- What is the impact of the conclusion of the US-EU trade agreement framework? Wha
- $3,400 is full of resistance, gold prospects are unpredictable
- ADP encounters "aesthetic fatigue" in the market? 103,000 jobs only triggered a
- US stocks and US bonds are all about their hearts. VIX indicates tranquility bef
- Palm oil has been approaching key resistance with three consecutive positive mom
market news
The palm oil market made a strong breakthrough, and Indonesia's biodiesel policy and oil and fat resonance pushed up prices.
Wonderful introduction:
A secluded path, with its twists and turns, will always arouse a refreshing yearning; a huge wave will make a thrilling sound when the tide rises and falls; a story, regretful and sad, only has the desolation of the heart; a life, with ups and downs, becomes shockingly heroic.
Hello everyone, today XM Forex will bring you "[XM Forex official website]: The palm oil market has a strong breakthrough, Indonesia's biodiesel policy and the consecutive oil and fat resonance have pushed up prices." Hope this helps you! The original content is as follows:
On Thursday (October 9), the main palm oil contract of Bursa Malaysia Derivatives Exchange closed at 4,594 ringgit/ton, a single-day increase of 1.08%, setting a seven-month closing high since March 7. So far, palm oil has strengthened for three consecutive trading days, and market sentiment continues to heat up, driven by Indonesia's new biodiesel policy and China's post-holiday replenishment.
Policies resonate with demand, and fundamental support is strengthened
The core driving force for this round of rise xmspot.comes from the Indonesian government’s clear stance on promoting the B50 biodiesel blending plan. The country plans to enforce diesel standards containing 50% palm oil-based biofuel in 2026, aiming to reduce reliance on diesel imports. If this policy is implemented, it will significantly increase the long-term industrial demand expectations for palm oil. At the same time, China's Dalian xmspot.commodity Exchange opened strongly after the holiday, with the main soybean oil contract rising 2.69% and the palm oil contract soaring 4.13%, providing direct linkage support for the horse market. It is worth noting that after the Chinese market ended the National Day holiday from October 1 to 8, the demand for capital reflow and replenishment was concentrated, further amplifying price elasticity.
Short-term worries have emerged, and the market is facing a stress test
Despite the positive trend, some analysts are cautious about continuing to rise. Paramalingam Supramaniam, director of Selangor brokerage xmspot.company Pelindung Bestari, pointed out: "The market has initially digested the positive policies of Indonesia, but in the absence of new catalysts, the foundation of the rally is unstable. Traders may close positions to avoid risks before the release of the Malaysian Palm Oil Board (MPOB) monthly report, and the current high prices haveIt begins to suppress actual demand, which may create headwinds in the short term. "This view reveals the real contradiction faced by the market: policy expectations drive financial attributes to heat up, but the slowdown in spot procurement may restrict the upside.
External market xmspot.competition intensifies and volatility risks rise
The xmspot.complex pattern of the crude oil market brings variables to palm oil. Although the Gaza ceasefire agreement has eased geopolitical tensions Political risks, but the deadlock in the peace talks in Ukraine has continued the sanctions on Russian exports, and the international oil price has shown a bullish and short-term trend. Since the xmspot.competitiveness of palm oil as a biodiesel raw material is highly related to the price of crude oil, if crude oil continues to be under pressure, it will weaken the energy alternative advantage of palm oil. In addition, the ringgit exchange rate against the US dollar remains stable for the time being. There is no significant interference with exports.
Institutional views focus on policy implementation and data verification
Monitoring by well-known institutions shows that current technical indicators show signs of overbought. The upper track of the Bollinger Bands (20,2) touched 4550 points, and the MACD golden cross continued but the red column narrowed, indicating that the power to chase the rise has weakened. The market's attention turns to the upcoming MPOB data. If the inventory decline is less than expected or the export data is weak, it may trigger profit-taking. ParamalingamSupramaniam emphasized: “The policy narrative needs to be supported by actual consumption. If the B50 implementation progress lags behind or the Dalian oil and fat rally fails, the current premium will face correction pressure. ”
Outlook: Rebalancing policy expectations and actual demand
The short-term strength of palm oil benefits from the resonance of financial attributes and xmspot.commodity attributes, but the mid- to long-term trend needs to verify two factors: First, the specific timetable of Indonesia’s B50 policy The second is whether China's import demand can match the current price level. Although analysts remain optimistic about forward prices, if future data fails to meet expectations, the market will need to be wary of the risk of technical corrections between policy expectations and reality verification. .
The above content is all about "[XM Foreign Exchange Official Website]: The palm oil market breaks through strongly, Indonesia's biodiesel policy and the consecutive oil and fat resonance push up the price". It is carefully xmspot.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
After doing something, there will always be experiences and lessons learned. In order to facilitate future work, the experience and lessons from past work must be analyzed, researched, summarized, concentrated, and understood at a theoretical level.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here