Recently, Malaysia palm oil output growth below expectations, bottoming out Ma Pan palm oil palm oil domestic industries continue to lift, soybean oil and palm oil spreads narrowed.Rebound driven by the palm oil, domestic soybean oil futures rising, dalian Commodity Exchange oil meal price quickly pull litre.
Terms of fundamentals, clinch a deal in the fourth quarter is the domestic oil spot market off-season, researched the continuation of a pulp pressure oil strategy, high inventory pressure will appear again after oil prices, domestic oil prices rebound after or is expected to fall again.
Palm oil led
September Malaysian palm oil stocks lower than expected, the palm oil market for short-term positive support.In early October the Malaysian palm oil board announced on September the supply and demand data, data showed that September Malaysian palm oil production process (http://www.palmmill.com/News/101.html) was increased 10.2% last month, is 1.912 million tons.September palm oil output growth below market expectations.Affected by palm oil low increase rate of Malaysian palm oil stocks in September from the previous month by only 7.13%, to 1.78 million tons, 1.91 million tons of significantly lower than the market expected.
On Friday, Malaysia palm oil traders said that due to palm oil production could only a slight increase in October, with high demand, may lead to inventory is less than 2 million tons in 2013, which helps to futures.Shipping survey data show that because of Europe and China purchasing quantity increase.In October, the first half of the Malaysian palm oil exports reached 78.1-799800 tons, increased by 7 to 12% than the same period last month.
Malaysian palm oil market fundamentals short-term bullish persists, report published in September after Malaysia and domestic palm oil futures linkage, bullish forecast in October by the inventory data Ma Pan palm oil will continue to go well.
The carry trade to unlock
Since early last week, the...