The risk of palm oil accumulation increases, and the demand side still needs to pay attention

Golden Ten Futures July 18th news, the oil sector was implicated by the oil tanker incident, the negative impact of society led to a larger decline in the disk, palm oil fell less than soybean oil, and palm oil fundamentals are strong, rebound higher than soybean oil caused the price difference between the two inverted. In terms of palm oil, the overall data of the MPOB report is in line with market expectations, showing neutrality, domestic inventories are slow to accumulate, recent transactions and pick-up are not ideal, focusing on domestic palm oil transaction demand. At present, the domestic port schedule is orderly, and the domestic palm oil commercial inventory has reached the inflection point. It is expected that domestic palm liquid oil will arrive at the port this week about 80,000 tons, the inventory will rebound, and the supply will gradually ease. Palm oil future focus: import profits and the number of domestic buying ships, monthly arrivals, origin supply and demand, domestic inventories and transactions will continue.