In June, domestic imports of palm oil increased, and prices may weaken

Gold ten futures May 23rd news, June domestic palm oil supply will increase, prices or weakening May imported palm oil to Hong Kong is still less, domestic palm oil inventories continue to decline. According to monitoring, on May 17, palm oil inventories in coastal areas 400,000 tons (including edible palm oil 360,000 tons), week-on-week ratio fell 10,000 tons, month-on-month fell 100,000 tons, down 180,000 tons. Among them, edible palm oil inventories Tianjin 60,000 tons, Jiangsu 130,000 tons, Guangdong 120,000 tons. Recently, with the increase in import profits, our country imports palm oil to buy more ships, according to monitoring, is expected to 24 degrees palm oil to the port in May-July were 220,000 tons, 200,000 tons, 250,000 tons, due to rising prices after the sharp contraction of palm oil demand, is expected in June after the domestic palm oil supply tension will ease, prices or weaken.