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China Oils Market Review:Palm oil and soybean oil act at strong trend

Source: Mysteel Jan 21, 2026 09:29
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Plant Oil Soybean Demand Price Supply
While Malaysian palm oil export growth has slowed, Indonesia's revocation of permits for 28 companies involving palm oil plantations, coupled with the ongoing production decline season, has raised market concerns about supply. As a result, Malaysian palm oil and Chinese palm oil futures surged during the overnight session. Domestic spot market activity remains weak, with downstream demand not showing significant improvement and purchases still largely driven by immediate needs. In the short term, palm oil prices are expected to remain strong with a consolidating bias.

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