PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 28 Nov 2024

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MARKET DEVELOPMENT
China Palm Olein Prices Seen Staying Weak
calendar01-02-2005 | linkDow Jones | Share This Post:

31/1/05 (Dow Jones)--RBD palm olein prices in China likely to stay weak inshort to medium term as demand still sluggish due to low temperatures,says Shanghai Pansun; stocks at main ports estimated around240,000-250,000 tons, which would take time to be consumed, keeping pricesunder pressure. Room for fresh imports also likely limited in near termdue to negative margins as selling prices in domestic market (aroundCNY4,150/ton) below import cost.