The palm oil short board role continues but faces improvement (2)

The palm oil short board role continues but faces improvement (2)
The domestic oil and fat market is well supplied. The demand for palm oil refining will gradually weaken after the “double festival”, and the difference between the internal and external discs will be improved. The arrival of the goods will still be guaranteed. It is expected that the arrival of goods in September and November may be 470,000. ~500,000 tons, the import volume increased significantly, so after the subsequent weather turns cold, domestic palm oil is still easy to show the state of tired inventory, unless the low-grade refined oil has a sufficient price difference with soybean oil.
The pressure on domestic vegetable oil stocks mainly comes from the highest stock of soybean oil (still around 1.65 million tons) and the rising stock of vegetable oil. After the increase, the total stock of domestic vegetable oil is very abundant. It is expected that with the expected changes in domestic soybean imports in the later period and Changes in crushing activities are likely to change in stock peaks.

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