According to the Commodity Market Analysis System of Shengyi Society, since July, the domestic palm oil market has fluctuated upwards with ups and downs. On July 1st, the average market price of palm oil was 8600 yuan/ton, and on July 24th, the average market price of palm oil was 9172 yuan/ton, with a price increase of 6.65%.
Lido is still steadily rising in the palm oil market
Since July, the palm oil market has fluctuated and risen. Malaysia’s palm oil sector remains mainly bearish. Among them, from July 1st to 20th, 2025, the palm oil production in South Malaysia increased by 6.19% month on month, while the palm oil export volume in Malaysia decreased by 3.5% to 7.3% month on month. The bearish trend is dominant, and the boost effect of palm oil in the external market is limited. Supported by rigid demand for palm oil domestically, the futures market is heating up, while the spot market is steadily rising. As of July 24th, the average price of palm oil in the market was 9172 yuan/ton, with a price increase of 500 yuan/ton.
The palm oil analyst from Shengyi Society believes that at the end of July, there will be an increase in demand for terminal oils, and the palm oil market in major producing countries will continue to strengthen in the future.
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