Palm oil futures close higher with support from stronger crude oil prices and demand expectations
智通财经2026/10/08 10:36(1) Palm oil futures closed higher, rebounding on stronger crude oil, rising vegetable oil prices in Dalian, and expectations of increased demand from India. (2) Some traders anticipate that crude palm oil futures will find support at 4,500 ringgit per ton and face resistance at 4,700 ringgit per ton. (3) The December delivery contract on the Malaysian Derivatives Exchange rose by 139 ringgit to 4,663 ringgit per ton. (4) Going forward, attention will be paid to the movement of crude oil prices, the correlation in regional vegetable oils, and the pace of India's purchasing, all of which could impact the price range of palm oil.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI transformation dividends strengthen profit growth logic! SAP (SAP.US) upgraded to "Overweight" by JPMorgan, target price raised to 275 euros
JPMorgan has upgraded its rating on SAP from "Neutral" to "Overweight" in its latest report, raising the target price from 175 euros in December 2027 to 275 euros in December 2028, implying an upside potential of approximately 30%.
Nymex US crude oil futures main contract at $89.99 per barrel, down 0.92% intraday
Crypto prices
More
