Mysteel oils market: China oils futures prices follow the national curde oil's surge

Source: Mysteel May 06, 2026 09:09

On the palm oil front, April production is expected to increase, but with anticipated growth in domestic consumption, inventory accumulation is likely to be limited. On Monday, Malaysia's Deputy Prime Minister stated that the country will begin producing biodiesel containing 15% palm oil this June in an effort to lower diesel prices. Affected by ongoing conflicts in the Middle East, the country is grappling with high energy prices and supply constraints, which has also boosted market expectations for palm oil in forward months.