According to the Commodity Market Analysis System of Shengyi Society, the domestic palm oil market fluctuated and rose in August, with an increase of over 6%. On August 1st, the average market price of palm oil was 8992 yuan/ton, and on August 27th, the average market price of palm oil was 9550 yuan/ton, an increase of 6.21%.
Positive support for palm oil market to fluctuate and rise in August
In early August, the palm oil market experienced an upward trend. Malaysian palm oil is mainly beneficial. Among them, Malaysia’s palm oil exports increased by 23.3% month on month from August 1st to 10th, 2025. Starting from August 10th, the export of palm oil in the external market has been strong, and the market has risen strongly for three consecutive days. The domestic palm oil futures market is heating up. On August 13th, palm oil closed at 9490 yuan/ton, up 156 yuan/ton, and the futures price continues to rise. The spot market is rising.
In the middle of the month, negative factors remained, and the palm oil market experienced a pullback after its upward trend, with an overall decline of around 100 yuan/ton. As of August 20th, the average price of palm oil in the market exceeded 9500 yuan/ton, with a price increase of nearly 500 yuan/ton compared to the beginning of the month.
At the end of the month, terminal demand improved, but the boost from external markets was limited. There was a long short game, and the palm oil market continued to fluctuate with ups and downs. The overall market fluctuated at a high level, lasting between 9500-9600 yuan/ton.
The palm oil analyst from Shengyi Society believes that in September, the demand for terminal oils and fats will increase, and the bearish trend in the external market will dominate. The palm oil market will continue to fluctuate and operate strongly in the future.