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Mysteel China edible oils market daily: Oils and fats rebounded across the board in the night session, with soybean oil and palm oil leading gains and rapeseed oil following suit

Source: Mysteel Nov 02, 2026 10:03
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Plant Oil Demand Price Supply
Short covering pushed the night session rebound. Pressure on the physical side remains prominent, with domestic commercial inventories under significant accumulation pressure, but the basis discount structure has been somewhat repaired, pickup activity in South China is active, and trading volume has increased noticeably. On the producing-region side, Malaysia's September palm oil stocks of 3.51 million tonnes reflect a continued loose supply pattern, but October SPPOMA production data show an initial turning point. This week, key attention should be paid to the MPOB October report around November 10; if inventories are confirmed to have peaked and begun to decline, the near-month discount repair could have considerable elasticity.

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