Report Name: China Palm Oil Market in 2020 and Its Outlook in 2021

Delivery Method: Email

Contact Info: Tel: 86-10-80697616; Email：intl@cofeed.com

 

The outbreak of the COVID-19 was adding to global economic downward pressure and strongly hurt commodity market in the first half of 2020, making international crude oil prices turn negative. In addition, lockdown across the globe was dampening the demand for edible oils. Hence, palm oil market also lost ground under pressure during that period. Whilst the pandemic was wreaking havoc across the globe, Malaysia, world’s second largest palm oil producing country, was trapped in a lack of labour, in addition to unfavorable weather conditions, palm oil production in this country kept staying below the forecast. By the end of October, palm oil stocks in Malaysia have fallen to a three-year low. Meanwhile, China is purchasing U.S. soybeans at a brisker pace in order to fulfill bilateral phase-one trade deal, and lower U.S. soybean production also sharply reduced stocks to below 200 million bushels, so that U.S. soybean futures surged to the highest level in over four years. Besides, the oils supplies get tightening in China and speculators are flowing into the market due to a warming global inflation expectation, so palm oil prices rise both at home and abroad. The most-active palm olein contract broke the key 7,000 CNY on China’s Dalian Commodity Exchange in late November, to hit the highest point in more than seven years.

 

 

Palm oil output in Southeast Asian nations has been decreasing seasonally entering November, and its stockpiles have been at a low level in Malaysia as the production is crippled as the country has been imposing measures to contain the coronavirus. Palm oil stocks in main consuming country, China, have also been low. Meanwhile, the market is concerned about soybean crop outlook in South America under uncertain weather, coupled with brisk export demand in the U.S., so global soybean supply is tightening. How will U.S. soybean futures trend? Can Indonesia upgrade B30 into B40 in 2021? Will there be an increment in palm oil consumption in biodiesel? How about palm oil market in China? Cofeed thus releases its latest report China Palm Oil Market in 2020 and Its Outlook in 2021, to review palm oil market in 2020 based on the first-hand data from Cofeed Information and Research Department. The report makes an analysis of supply/demand pattern, import cost and margin changes in at home and abroad, and makes a rational expectation on the market in 2021, so as to help industry insiders seize the market opportunity.

 

 

Macro-perspective

 

Chapter I Economic performance in related countries

1.1 Brief on China’s economy

1.1.1 Changes in CNY

1.2 Brief on US economy

1.2.1 Changes in USD

1.3 Brief on Malaysia’s economy

1.3.1 Exchange rate of MYR

1.3.2 Export duties in Malaysia

1.4 Brief on Indonesia’s economy

1.4.1 Adjustment of export tax in Indonesia

1.5 Brief on India’s economy

1.5.1 Adjustment of palm oil import tax in India

 

Chapter II International oil prices

2.1 Crude oil trend and analysis in 2020

 

Micro-perspective

 

Chapter III Palm oil supply and demand in foreign market

3.1 Global palm oil planted area

3.2 Global palm oil production

3.2.1 Global palm oil production in 2020

3.3 Palm oil supply and demand in Malaysia

3.3.1 Historical palm oil production in Malaysia

3.3.2 Malaysian palm oil production in 2020

3.3.3 Historical palm oil exports in Malaysia

3.3.3.1 Exports to China in recent years

3.3.3.2 Exports to India in recent years

3.3.3.3 Exports to EU in recent years

3.3.4 Malaysian palm oil exports in 2020

3.3.5 Historical palm oil stocks in Malaysia

3.3.6 Malaysian palm oil stocks in 2020

3.4 Palm oil supply and demand in Indonesia

3.4.1 Historical palm oil production in Indonesia

3.4.2 Indonesian palm oil production in 2020

3.4.3 Historical palm oil exports in Indonesia

3.4.4 Indonesian palm oil exports in 2020

3.4.5 Historical palm oil stocks in Indonesia

3.4.6 Indonesian palm oil stocks in 2020

 

Chapter IV Palm oil supply and demand in China

4.1 Overview on palm oil and its seasonal characteristics

4.2 Palm oil supply in China

4.2.1 Historical statistics on palm oil imports in China

4.2.2 Palm oil imports and analysis in 2020

4.3 Palm oil demand and carryover stocks in China

4.3.1 Palm oil demand in China

4.3.2 Historical palm oil stock changes in China

4.3.3 China palm oil weekly stocks in 2020

 

Chapter V Substitutability of alternative oils and palm oil

5.1 Substitutability of soybean oil and palm oil

5.1.1 Soybean oil supply and demand in China

5.1.2 Price spread for soybean oil and palm oil in China

5.1.3 Analysis and prediction of substitutability of soybean oil

5.2 Substitutability of rapeseed oil and palm oil

5.2.1 Rapeseed oil supply and demand in China

5.2.2 Price spread for rapeseed oil and palm oil in China

5.2.3 Analysis and prediction of substitutability of rapeseed Oil

 

Chapter VI Analysis of palm oil market

6.1 U.S. soybean futures and influence factors in 2020

6.2 BMD palm oil futures and influence factors

6.3 Dalian palm olein futures and influence factors

6.4 Spot palm oil market and influence factors in 2020

 

Chapter VII China palm oil outlook in 2121

7.1 Global economy prospect in 2021

7.2 International crude oil supply and demand in 2021

7.3 Global soybean supply and demand in 2021

7.4 U.S. soybean futures trend in 2021

7.5 Malaysian palm oil supply and demand in 2021

7.6 BMD palm oil futures trend in 2021

7.7 China palm oil supply and demand in 2021

7.8 Dalian and spot palm oil market in 2021