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2020
24 Feb - 01 Mar 2020
Section 1 : CPO Price Trend
24 Feb - 01 Mar 2020
Section 2: Global Palm Oil Market Opportunities
22 - 28 Jun 2020
POINTERS ON THE PRICE TRENDS
2019
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29 Jan - 04 Feb 2018
Section 1: CPO Price Trend
29 Jan - 04 Feb 2018
Section 2 : Global Palm Oil Market Focus
06 - 12 Aug 2018
Section 1: CPO Price Trend
06 - 12 Aug 2018
Section 2: Global Palm Oil Market Focus
2017
2016
22 - 29 Feb 2016
2016 Market Direction - Twists and Turns of Palm Oil Prices
22 - 28 Aug 2016
Section 1 : Palm Oil Price Fundamentals
22 - 28 Aug 2016
Section 2 : Trade Issues and Market Prospects
2015
2014
2013
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POINTERS
ORGANIZED BY:
Second Half 2015 - Anticipating Market Price Direction:
Outlook of China's Oils & Fats Market - Post Withdrawal of Financing Traders and Return of Palm Oil Stock Level to Normal
Mr. Cai Neng Bin
He is the General Manager of Shanghai Pansun Company. His roles and responsibilities in the company are analyzing oilseeds and oils and fats market information, with main emphasis given on systematic data analysis and make judgement on market trading pattern. He is also able to gauge the change of medium to long market trends of agricultural products, and provides trading and hedging strategies through capturing price differences arises from logical error within markets, and between different products and months.
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1. There is structural division of global oilseeds market, where local and foreign markets behave differently.
- Global soybean output continues to increase and the competition between North and South American soybean intensified. SUR of US is tighter than South America. Global output of rapeseed also declined, leading to tight supply. China abolishes the rapeseed temporary reserves policy, cutting down the needs to import rapeseed.

2. Output of China soybean declined and almost none used for crushing. On the other hand, soybean import growth remains and the withdrawal of financing traders improve the crushing margin.

3. China abolishes the temporary rapeseed reserve policy and leads to increase availability of domestic rapeseeds for auction and supply in near future. This reduces the needs for import of rapeseed and rapeseed oil, and reduction of rapeseeds stock in the country.

4. Withdrawal of financing traders also leads to significant decline of oils & fats stock level, improving the margin for imported oils & fats.

5. Lower soybean oil price competed and took some market share from palm olein in food industry but demand for palm stearin remained stable. Overall palm oil demand is expected to return to its normal level.

6. Nevertheless, import of palm oil will still be influenced by import margin and hedging activity, as stock level returned to normal level and steep discount between market price and landed cost disappeared.

7. Soybean oil remains the leading oil in the growth of China oils & fats demand. Increase in rapeseed oil supply very much depends on the extensiveness of the implementation of country’s policy but the release of domestic rapeseeds stocks to the market in inevitable. Supply-demand condition of palm oil remains stable, while distinctive seasonal demand with price fluctuation conditions maintained. Periodical or regional demand and stock changes may influence price. There is increase intensity of import hedging with the change in profit margin. Oils & fats consumption more diversified.

8. Oils &fats prices are currently at its low with upward movement expected due to the periodic tightness of stock level. El Niño effect remains the prime factor for significant price hike of oils & fats.
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