In derivatives futures now widening palm bargain bleep

In derivatives futures: now widening palm bargain clients view the latest market: palm oil futures premium repair market an overview of the first part of a market review because of supply and demand determine the long-term trend of the market, and increase and decrease, the price difference of import profits and stock inventory which runs through the interpretation of a large direction the small change of rhythm. On the one hand, the market is expected to yield a rapid recovery of Malaysian palm oil, making the horse palm inventory to be added, but the Malaysia palm oil bureau data did not confirm market expectations, but the stock continued to decline. On the other hand, the domestic palm oil stocks at historic lows, the palm oil import window just opened, although imported ships will gradually shore, to ease the tight supply pressure, but palm oil spot prices remain high, now the price gap is large, 01 contracts have the rising price difference of the great possibility of compression. Figure 1701 palm oil contract prices chart source: financial and derivative futures research and development department in second parts, a summary of the fundamentals of supply and demand determine long-term trends in the market Chinese as completely importer of palm oil, the main factors of imports, China’s port in Malaysia and Indonesia stock and production of palm oil production and export the amount of inventory will be about the price. 1 of the world in according to the U.S. Department of agriculture data show that in 2016 to the inventory period, global palm oil production will reach 65 million 500 thousand tons, a record level of consumption was 64 million 20 thousand tons, compared with the previous year increased sharply, ending stocks at the beginning of period inventories continued to decline slightly to 7 million 340 thousand tons. Overall, global palm oil supply and demand situation will remain relatively tight state. Among them, Malaysia and Indonesia palm oil production accounted for more than 85% of global output, so the output of these two countries will have a significant impact on price. According to the U.S. Department of agriculture data show that in 2016, Indonesia’s palm oil production was 35 million tons, a record level, export volume of 25 million 750 thousand tons, compared to last year increased, the final inventory of 1 million 914 thousand tons, stocks continue to decline. In Malaysia, palm oil production was 21 million tons, a record level, export volume of 18 million tons, compared to last year increased, the final inventory of 2 million 252 thousand tons, inventory increased compared to the previous year. China and India are the main importers of palm oil, and import data also largely reflect the demand for palm oil. According to data provided by the U.S. Department of agriculture, in 2016, China’s palm oil imports of 5 million 150 thousand tons, ending inventory of 175 thousand tons, the stock was flat last year, at a relatively low level. India, palm oil imports of 10 million 250 thousand tons, ending inventory of 396 thousand tons, compared to last year, inventories continued to decline, at a relatively low level. Figure Indonesia palm oil production, exports, inventory data sources: Wind information, China Futures Research and development department.相关的主题文章: