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Mysteel oils market daily: Vegetable oils saw narrow range trading during the night session, with palm oil weakening due to supply pressure from producing regions

Source: Mysteel May 18, 2026 09:21
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Plant Oil Demand Price Supply
Vegetable oils saw narrow fluctuations during last Friday's night seesion. For palm oil, Monday's production data from the producing regions was neutral to bearish, with inventories slightly above market expectations. Quotations from producing regions continue to offer profitable margins for Chinese buyers, putting short-term pressure on palm oil prices. Attention should be paid to the easing of supply-side pressure from the producing regions. Domestically, palm oil arrivals at ports continue but consumption remains relatively weak, with domestic basis maintaining a deep backwardation.

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