I. National stocks

Palm oil cargoes arriving at ports have increased this week, leading to a slight rebound in palm oil inventory. In the week ending September 11, edible palm oil stock totals 337,500 tonnes at nationwide ports, up by 3.1% from 327,300 tonnes a week earlier; down by 26,900 tonnes or 7.4% from 364,400 tonnes in the previous month; down by 232,500 tonnes or 40.53% from 567,500 tonnes the corresponding period last year. Meanwhile, industrial palm oil stock at domestic ports amounts to 113,900 tonnes, a drop of 25,600 tonnes or 18.35% from 139,500 tonnes in the previous week.

II. Goods Arrivals

According to the latest statistics by Cofeed, China is projected to bring in 620,000 tonnes of palm oil (RBD palm olein 500,000 tonnes and industrial palm oil 120,000 tonnes) in September, flat from a week earlier; 620,000 tonnes in October (RBD palm olein 500,000 tonnes and industrial palm oil 120,000 tonnes), unchanged with last week. And palm oil imports in November are expected to be 570,000 tonnes (RBD palm olein 450,000 tonnes and industrial palm oil 120,000 tonnes), unchanged from last week.

III. Margins and Shipments