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Mysteel oils market daily: Overnight vegetable oil futures show divergent trends

Source: Mysteel Apr 29, 2026 09:24
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Plant Oil Demand Price Supply
Expectations of reduced production due to El Nio were already priced into the Q1 2027 contracts (P2701), and palm oil continues to maintain a contango spread structure. In the spot market, falling overseas prices have led to a slight improvement in domestic import profits. One new September palm oil cargo was purchased yesterday, while spot transactions remain limited to essential buying. Basis levels show no significant changes.

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