<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/20260102_1423_Palm-Oil-Market-Drop_simple_compose_01kdyyhpzvewpasq4zqdw7cag6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/20260102_1423_Palm-Oil-Market-Drop_simple_compose_01kdyyhpzvewpasq4zqdw7cag6.png"/></p>
<p>棕榈油价格连续第二个交易日下跌，跌至两周以来的最低水平，因为原油市场疲软与马来西亚出口数据不佳相 coincided。</p>
<p>这一走势反映了能源和植物油市场的广泛重新评估，交易者对燃料价格下跌、运输放缓以及来自竞争油脂的压力作出反应。</p>
<p>周五期货价格跌破每吨 4000 林吉特，这一水平受到市场的密切关注。</p>
<h2>原油对价格的影响</h2>
<p>棕榈油的下滑跟随原油的再次疲软，原油在 2020 年以来经历了最严重的年度损失。</p>
<p>市场一直在应对全球供应增加和持续的地缘政治风险的组合，这两者都限制了价格的回升。</p>
<p>西德克萨斯中质原油周三下跌 0.9%，收于 57.42 美元，完成了 2025 年的 20% 下跌。</p>
<p>较低的油价往往会减少对生物柴油原料的需求，包括棕榈油，从而削弱这一商品的主要支撑来源之一。</p>
<p>这种压力在更广泛的植物油市场中也显而易见。</p>
<p>大豆油，棕榈油在食品和燃料市场上的最接近竞争对手，周三收盘下跌 1.8%，进一步强化了负面情绪，限制了替代驱动的需求。</p>
<h2>出口数据增加压力</h2>
<p>除了能源市场的疲软，马来西亚的出口数据也对市场情绪造成了压力。</p>
<p>根据 AmSpec 的数据，全球第二大棕榈油生产国的 12 月出货量环比下降 5%，降至 120 万吨。</p>
<p>较弱的出货数据加剧了原油价格下跌的影响，推动棕榈油期货进一步低于近期交易区间。</p>
<p>较弱的出口表现表明，尽管年底通常支持消费的季节性因素，近期需求仍然低迷。</p>
<p>最新数据显示，年底的需求尚未显著回升。</p>
<p>亚洲相关合约的价格反映了谨慎的市场情绪。</p>
<p>在中国大连商品交易所，5 月交割的精炼棕榈油下跌 0.9%，至每吨 8584 元，而 5 月的大豆油价格几乎没有变化，维持在每吨 7862 元。</p>
<h2>即将到来的季节性需求</h2>
<p>尽管近期损失严重，但市场的关注开始转向与即将到来的节日相关的潜在购买兴趣。</p>
<p>预计在 2026 年 2 月的农历新年和斋月前的需求将支持消费，特别是在价格保持在每吨 4000 林吉特以下的情况下。</p>
<p>在这些水平上，市场被视为吸引买家的机会，这可能有助于在近期下滑后稳定价格。</p>
<p>季节性补货通常会增加主要进口地区的采购，为当前的逆风提供一些缓解。</p>
<p>目前，棕榈油在一方面受到能源价格下跌和出口疲软的困扰，另一方面又受到节日驱动需求的预期影响。</p>
<p>短期内价格走势可能继续跟随原油的波动和来自马来西亚的出口流动。</p>
<p>马来西亚棕榈油因原油损失和出口放缓而下滑的文章首次出现在 Invezz 上。</p>

<p>棕榈油价格连续两天下跌，因原油价格下滑和马来西亚出口数据疲软，已降至两周低点。期货价格跌破每吨 4,000 林吉特，受到西德克萨斯中质原油价格下跌 20% 的影响。马来西亚的棕榈油出口在 12 月份环比下降 5%，进一步给价格施加压力。尽管面临这些挑战，即将到来的节日可能会刺激需求，如果价格对买家仍具吸引力，可能会稳定价格。目前市场受到能源价格下跌和出口表现疲软的双重影响</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/20260102_1423_Palm-Oil-Market-Drop_simple_compose_01kdyyhpzvewpasq4zqdw7cag6.png" alt="" original-src="https://invezz.com/wp-content/uploads/2026/01/20260102_1423_Palm-Oil-Market-Drop_simple_compose_01kdyyhpzvewpasq4zqdw7cag6.png"/></p>
<p>Palm oil prices extended their decline for a second session, slipping to the lowest level in two weeks as weakness in crude oil markets coincided with softer export data from Malaysia.</p>
<div class="lb-trans"><p>棕榈油价格连续第二个交易日下跌，跌至两周以来的最低水平，因为原油市场疲软与马来西亚出口数据不佳相 coincided。</p>
</div><p>The move reflects a broader reassessment across energy and vegetable oil markets as traders respond to falling fuel prices, slowing shipments, and pressure from rival oils.</p>
<div class="lb-trans"><p>这一走势反映了能源和植物油市场的广泛重新评估，交易者对燃料价格下跌、运输放缓以及来自竞争油脂的压力作出反应。</p>
</div><p>Futures fell below 4,000 ringgit a ton on Friday, a level closely watched by the market.</p>
<div class="lb-trans"><p>周五期货价格跌破每吨 4000 林吉特，这一水平受到市场的密切关注。</p>
</div><h2>Crude oil weighs on pricing</h2>
<div class="lb-trans"><h2>原油对价格的影响</h2>
</div><p>The slide in palm oil followed renewed weakness in crude oil, which ended the year with its steepest annual loss since 2020.</p>
<div class="lb-trans"><p>棕榈油的下滑跟随原油的再次疲软，原油在 2020 年以来经历了最严重的年度损失。</p>
</div><p>Markets have been grappling with a combination of rising global supplies and persistent geopolitical risks, both of which have capped price recovery.</p>
<div class="lb-trans"><p>市场一直在应对全球供应增加和持续的地缘政治风险的组合，这两者都限制了价格的回升。</p>
</div><p>West Texas Intermediate crude fell 0.9% on Wednesday to settle at $57.42, completing a 20% decline for 2025.</p>
<div class="lb-trans"><p>西德克萨斯中质原油周三下跌 0.9%，收于 57.42 美元，完成了 2025 年的 20% 下跌。</p>
</div><p>Lower oil prices tend to reduce demand for biodiesel feedstocks, including palm oil, weakening one of the commodity’s key sources of support.</p>
<div class="lb-trans"><p>较低的油价往往会减少对生物柴油原料的需求，包括棕榈油，从而削弱这一商品的主要支撑来源之一。</p>
</div><p>This pressure was also evident across the wider vegetable oil complex.</p>
<div class="lb-trans"><p>这种压力在更广泛的植物油市场中也显而易见。</p>
</div><p>Soybean oil, palm oil’s closest rival in both food and fuel markets, closed 1.8% lower on Wednesday, reinforcing the negative tone and limiting substitution-driven demand.</p>
<div class="lb-trans"><p>大豆油，棕榈油在食品和燃料市场上的最接近竞争对手，周三收盘下跌 1.8%，进一步强化了负面情绪，限制了替代驱动的需求。</p>
</div><h2>Export data adds pressure</h2>
<div class="lb-trans"><h2>出口数据增加压力</h2>
</div><p>In addition to energy market weakness, export figures from Malaysia weighed on sentiment.</p>
<div class="lb-trans"><p>除了能源市场的疲软，马来西亚的出口数据也对市场情绪造成了压力。</p>
</div><p>Shipments from the world’s second-largest palm oil producer fell 5% month on month in December to 1.2 million tons, according to data from AmSpec.</p>
<div class="lb-trans"><p>根据 AmSpec 的数据，全球第二大棕榈油生产国的 12 月出货量环比下降 5%，降至 120 万吨。</p>
</div><p>The weaker shipment data amplified the impact of falling crude prices, pushing palm oil futures further below recent trading ranges.</p>
<div class="lb-trans"><p>较弱的出货数据加剧了原油价格下跌的影响，推动棕榈油期货进一步低于近期交易区间。</p>
</div><p>The softer export performance suggested near-term demand remained subdued, despite seasonal factors that often support consumption toward the end of the year.</p>
<div class="lb-trans"><p>较弱的出口表现表明，尽管年底通常支持消费的季节性因素，近期需求仍然低迷。</p>
</div><p>The latest figures suggest demand has not yet picked up meaningfully at the end of the year.</p>
<div class="lb-trans"><p>最新数据显示，年底的需求尚未显著回升。</p>
</div><p>Prices of related contracts in Asia reflected the cautious mood.</p>
<div class="lb-trans"><p>亚洲相关合约的价格反映了谨慎的市场情绪。</p>
</div><p>Refined palm oil for May delivery on China’s Dalian Commodity Exchange declined 0.9% to 8,584 yuan a ton, while soybean oil for May was little changed at 7,862 yuan a ton.</p>
<div class="lb-trans"><p>在中国大连商品交易所，5 月交割的精炼棕榈油下跌 0.9%，至每吨 8584 元，而 5 月的大豆油价格几乎没有变化，维持在每吨 7862 元。</p>
</div><h2>Seasonal demand ahead</h2>
<div class="lb-trans"><h2>即将到来的季节性需求</h2>
</div><p>Despite the recent losses, attention is beginning to shift toward potential buying interest linked to upcoming festivals.</p>
<div class="lb-trans"><p>尽管近期损失严重，但市场的关注开始转向与即将到来的节日相关的潜在购买兴趣。</p>
</div><p>Demand ahead of the Lunar New Year and Ramadan in February 2026 is expected to support consumption, particularly if prices remain below the 4,000 ringgit a ton threshold.</p>
<div class="lb-trans"><p>预计在 2026 年 2 月的农历新年和斋月前的需求将支持消费，特别是在价格保持在每吨 4000 林吉特以下的情况下。</p>
</div><p>At these levels, the market is seen as attractive for bargain-buying, which could help stabilise prices after the recent slide.</p>
<div class="lb-trans"><p>在这些水平上，市场被视为吸引买家的机会，这可能有助于在近期下滑后稳定价格。</p>
</div><p>Seasonal restocking typically increases purchases across major importing regions, offering some relief from current headwinds.</p>
<div class="lb-trans"><p>季节性补货通常会增加主要进口地区的采购，为当前的逆风提供一些缓解。</p>
</div><p>For now, palm oil remains caught between falling energy prices and weaker exports on one side, and expectations of festival-driven demand on the other.</p>
<div class="lb-trans"><p>目前，棕榈油在一方面受到能源价格下跌和出口疲软的困扰，另一方面又受到节日驱动需求的预期影响。</p>
</div><p>Price direction in the near term is likely to continue tracking crude oil movements and export flows from Malaysia.</p>
<div class="lb-trans"><p>短期内价格走势可能继续跟随原油的波动和来自马来西亚的出口流动。</p>
</div><p>The post Malaysia palm oil slips as crude oil losses and export slowdown collide appeared first on Invezz</p>
<div class="lb-trans"><p>马来西亚棕榈油因原油损失和出口放缓而下滑的文章首次出现在 Invezz 上。</p>
</div>

马来西亚棕榈油价格因原油价格下跌和出口放缓而下滑