<div id="readability-page-1"><div><p>0212 GMT - Iron ore rises in early Asian trading, with the most-traded iron-ore contract on the Dalian Commodity Exchange up 0.9% at 765.50 yuan a ton. Traders are refocusing on market fundamentals after a series of macroeconomic events, Nanhua Futures analysts say in commentary. On the supply side, shipments from major mines remain restrained, while low steel mill inventories are driving strong restocking demand, with high port inventories expected to shift to mills. Iron ore should face limited downside to prices, the analysts add. (jason.chau@wsj.com)</p><p>    -- </p><p>    Crude Palm Oil Prices Likely to Moderate in 2026 -- Market Talk </p><p>    0140 GMT - Crude palm oil prices are expected to moderate in 2026, averaging about MYR4,000/ton, TA Securities analyst Angeline Chin says in a note. Prices are likely to come under pressure from rising global output, softer demand from major buyers such as China and India, and stronger competition from alternative edible oils such as sunflower and soybean as supplies recover, she says. While higher production will likely support overall yields, the weaker pricing environment is expected to limit upstream margins, especially for higher-cost producers, she adds. TA Securities maintains a neutral rating on Malaysia's plantation sector, pegging Kuala Lumpur Kepong at buy, SD Guthrie and IOI Corp. at hold. (yingxian.wong@wsj.com) </p><p>   Write to Barcelona Editors at barcelonaeditors@dowjones.com </p><p>   (END) Dow Jones Newswires</p><p>12-17-25 0949ET</p></div></div>

南华期货

<p>根据南华期货分析师的说法，铁矿石价格在亚洲早盘交易中上涨，主要受到强劲的补货需求和主要矿山出货量受限的推动。同时，TA 证券表示，由于全球产量增加和替代油脂的竞争，预计到 2026 年，粗棕榈油价格将趋于平稳。该公司对马来西亚种植业保持中性评级，并对吉隆坡甲洞、SD Guthrie 和 IOI 公司提出了具体的股票推荐</p>

由于特朗普对委内瑞拉的封锁，油价上涨 -2-