The short-term corporate price mentality still persists, and the spot price of palm oil has a limited decline

Golden Ten Futures July 8th news, as of the close of July 8th, Zhangjiagang market port 24 degrees palm oil mainstream price reference P2409 + 130 yuan/ton or 8030 yuan/ton, down 50 yuan/ton from the previous trading day, a decrease of 0.62%. Today's palm oil base is strong, spot prices fell slightly with the market. The current palm oil price is high, and the downstream willingness to take orders is not strong. However, the cost of palm oil imports is high, domestic prices are inverted, short-term enterprises still have a mentality of supporting prices, and the spot price of palm oil has a limited decline. Pay attention to the landing of the MPOB supply and demand report on July 10.