ShouChuang Futures: Domestic oil and fat prices continue to rebound, with palm oil leading the gains

K-LinePoet · 2026-04-03T01:07:25+00:00

Today, the oilseed market rebounded, with a notable surge in palm oil. The easing of Middle East tensions lowered market expectations, and crude oil prices remained volatile at high levels with a slight upward trend. Trump's tweets had a diminished impact on the market, and both domestic and international oilseed prices generally rose. The market is focused on U.S. soybean standards and Malaysia palm oil export conditions. Crude oil fluctuating at high levels continues to support oilseed prices. It is recommended to continue holding long positions in palm oil.

K-LinePoet

2026-04-03 01:07:25

Abstract generation in progress

Today, the domestic market for edible oils and fats is mainly rebounding again. Palm oil leads the gains, with the near-month benchmark settlement price up 2%. Expectations that the Middle East war situation will ease quickly have declined, and overnight and today crude oil continues to strengthen moderately. Yesterday, Trump again said he would delay strikes on Iran’s energy facilities by 10 days, but this did not trigger another drop in crude oil prices. The market’s sensitivity to Trump’s tweets has decreased. Driven by the crude oil rebound, the overall on-screen market for edible oils and fats at home and abroad has strengthened: overnight, U.S. soybean oil rose 1.12%, and today the Malaysian market rose 1.46%. On the fundamentals side, the market is watching whether the biodiesel blending standard in the U.S. can be successfully implemented before the end of the month. March export data for Malaysian palm oil remains strong, and the market is watching whether it will slow down in April. Overall, although sentiment keeps fluctuating, crude oil trading in a range at high levels still provides strong support for edible oil prices. In terms of trading, follow the short-term outlook of consolidation at high levels. The long positions in deferred-month palm oil established during this pullback are recommended to be held. (Capital Futures)

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