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Mysteel China edible oils market: BMD palm oil strengthens, DCE palm oil follows suit

Source: Mysteel Jun 17, 2026 09:15
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Plant Oil/Oilseeds Demand Price Supply
Supported by data from origin institutions including ITS showing a month-on-month increase in Malaysia's June 1-15 exports, and expectations for the mandatory B50 program scheduled to take effect in July 2026 (pending the promulgation of three additional ministerial decrees), Malaysian palm oil futures strengthened, driving domestic DCE palm oil futures higher. However, pressure on the domestic spot market remains unabatedport inventories are still at relatively high levels compared to the same period in recent years, and significant July arrival volumes are expected, providing ample supply-side flexibility. Downstream purchases from the food and chemical sectors remain at just-in-time pace, with no signs of volume , keeping basis under pressure but generally stable in the short term.

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