European palm oil price decline market bullish psychology remains unchanged
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Last Update: 2002-08-06
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Source: Internet
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Author: User
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Introduction: on Friday, according to traders, most European palm oil fell between $2.50 and $5 per ton due to the fall of Malaysian palm oil futures TEW Malaysia palm oil fell mainly due to shrinking trading volume and traders' reluctance to enter positions over the weekend And traders are said to be waiting for Malaysian palm oil data to be released next week However, the market is still on the rise as hot and dry weather continues to threaten soybean growing areas in the Midwest of the United States, as well as oilseed crops in India India's oilseed crop is suffering from the worst drought in 10 years TEW European market has light trading The selling price of 24 degree refined palm oil in August is US $420 per ton From August to September, the price of palm oil is US $417.50 to US $420 per ton From September, it is US $417.50 to US $420 per ton From October to December, it is US $420 per ton From October to December, the price of crude palm oil is US $420 per ton Soybean oil prices rose slightly from their lows, supported by gains in Chicago soybean oil futures, closing at 9 to 11 euros per ton below Thursday's closing price Rapeseed closed down 4 euros to 7 euros per ton TEW
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