Palm oil short board role continues but faces improvement（1）

Palm oil short board role continues but faces improvement（1）
Palm oil as a relatively short plate in the oil, the recent overall trend has not changed to low-level finishing, but with the gradual digestion of the overall negative fat in the oil, the supply and demand transformation to a biased multi-directional direction. It should be noted that the corresponding arbitrage spread should not be excessively pursued but can still be held.
Palm oil continued its low-level shock pattern and may continue to rebound in the near future. At present, palm oil refining is in the process of increasing production, the supply side is still under pressure, demand is boosting and biodiesel highlights are gradually reflected. The overall release time is short, the oil is generally adjusted after the “double festival” stocking period, and the stock changes It is expected to be a benign improvement. Once the domestic oil and fat inventories fall back, palm oil will show an upward trend following the fluctuation of the center of gravity.

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