First Capital Futures: Following the weak oscillation of costs, palm oil awaits reports and meeting guidance

K-LinePoet · 2026-02-12T14:41:34+00:00

Today, palm oil received technical support at the 20-day moving average, with the main contract rebounding after a dip. Although market concerns about weakening demand limit exports, the international palm oil price-to-value ratio is improving. Attention is on the upcoming MPOB report and POC meeting. Overall, the fundamentals of Southeast Asian palm oil are improving, and the medium-term outlook is bullish.

K-LinePoet

2026-02-12 14:41:34

Abstract generation in progress

Today, palm oil prices bottomed out and rebounded, with the main May contract receiving technical support at the 20-day moving average. Last week, the Malaysian market was weak, and international palm oil trends diverged from soybean and rapeseed oil, leading to a continued decline in domestic palm oil. Market concerns about export restrictions after the end of the Chinese New Year and Ramadan stocking demand persist, but the recent improvement in the cost-performance ratio of international palm oil has become evident again. This week, the market is focused on the February MPOB report and the upcoming POC meeting, awaiting data and insights from these events to provide guidance. Overall, the fundamentals of Southeast Asian palm oil remain improving, and after a price correction at the origin, the international palm oil cost-performance ratio has improved again. The medium-term outlook for palm oil is bullish or characterized by high-level oscillations. (Chuangchuang Futures)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.