<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>

南華期貨

<p>根據南華期貨分析師的説法，鐵礦石價格在亞洲早盤交易中上漲，主要受到強勁的補貨需求和主要礦山出貨量受限的推動。同時，TA 證券表示，由於全球產量增加和替代油脂的競爭，預計到 2026 年，粗棕櫚油價格將趨於平穩。該公司對馬來西亞種植業保持中性評級，並對吉隆坡甲洞、SD Guthrie 和 IOI 公司提出了具體的股票推薦</p>

由於特朗普對委內瑞拉的封鎖，油價上漲 -2-