<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>棕櫚油價格連續第二個交易日下跌，跌至兩週以來的最低水平，因為原油市場疲軟與馬來西亞出口數據不佳相 coincided。</p>
<p>這一走勢反映了能源和植物油市場的廣泛重新評估，交易者對燃料價格下跌、運輸放緩以及來自競爭油脂的壓力作出反應。</p>
<p>週五期貨價格跌破每噸 4000 林吉特，這一水平受到市場的密切關注。</p>
<h2>原油對價格的影響</h2>
<p>棕櫚油的下滑跟隨原油的再次疲軟，原油在 2020 年以來經歷了最嚴重的年度損失。</p>
<p>市場一直在應對全球供應增加和持續的地緣政治風險的組合，這兩者都限制了價格的回升。</p>
<p>西德克薩斯中質原油週三下跌 0.9%，收於 57.42 美元，完成了 2025 年的 20% 下跌。</p>
<p>較低的油價往往會減少對生物柴油原料的需求，包括棕櫚油，從而削弱這一商品的主要支撐來源之一。</p>
<p>這種壓力在更廣泛的植物油市場中也顯而易見。</p>
<p>大豆油，棕櫚油在食品和燃料市場上的最接近競爭對手，週三收盤下跌 1.8%，進一步強化了負面情緒，限制了替代驅動的需求。</p>
<h2>出口數據增加壓力</h2>
<p>除了能源市場的疲軟，馬來西亞的出口數據也對市場情緒造成了壓力。</p>
<p>根據 AmSpec 的數據，全球第二大棕櫚油生產國的 12 月出貨量環比下降 5%，降至 120 萬噸。</p>
<p>較弱的出貨數據加劇了原油價格下跌的影響，推動棕櫚油期貨進一步低於近期交易區間。</p>
<p>較弱的出口表現表明，儘管年底通常支持消費的季節性因素，近期需求仍然低迷。</p>
<p>最新數據顯示，年底的需求尚未顯著回升。</p>
<p>亞洲相關合約的價格反映了謹慎的市場情緒。</p>
<p>在中國大連商品交易所，5 月交割的精煉棕櫚油下跌 0.9%，至每噸 8584 元，而 5 月的大豆油價格幾乎沒有變化，維持在每噸 7862 元。</p>
<h2>即將到來的季節性需求</h2>
<p>儘管近期損失嚴重，但市場的關注開始轉向與即將到來的節日相關的潛在購買興趣。</p>
<p>預計在 2026 年 2 月的農曆新年和齋月前的需求將支持消費，特別是在價格保持在每噸 4000 林吉特以下的情況下。</p>
<p>在這些水平上，市場被視為吸引買家的機會，這可能有助於在近期下滑後穩定價格。</p>
<p>季節性補貨通常會增加主要進口地區的採購，為當前的逆風提供一些緩解。</p>
<p>目前，棕櫚油在一方面受到能源價格下跌和出口疲軟的困擾，另一方面又受到節日驅動需求的預期影響。</p>
<p>短期內價格走勢可能繼續跟隨原油的波動和來自馬來西亞的出口流動。</p>
<p>馬來西亞棕櫚油因原油損失和出口放緩而下滑的文章首次出現在 Invezz 上。</p>

<p>棕櫚油價格連續兩天下跌，因原油價格下滑和馬來西亞出口數據疲軟，已降至兩週低點。期貨價格跌破每噸 4,000 林吉特，受到西德克薩斯中質原油價格下跌 20% 的影響。馬來西亞的棕櫚油出口在 12 月份環比下降 5%，進一步給價格施加壓力。儘管面臨這些挑戰，即將到來的節日可能會刺激需求，如果價格對買家仍具吸引力，可能會穩定價格。目前市場受到能源價格下跌和出口表現疲軟的雙重影響</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>棕櫚油價格連續第二個交易日下跌，跌至兩週以來的最低水平，因為原油市場疲軟與馬來西亞出口數據不佳相 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>這一走勢反映了能源和植物油市場的廣泛重新評估，交易者對燃料價格下跌、運輸放緩以及來自競爭油脂的壓力作出反應。</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>週五期貨價格跌破每噸 4000 林吉特，這一水平受到市場的密切關注。</p>
</div><h2>Crude oil weighs on pricing</h2>
<div class="lb-trans"><h2>原油對價格的影響</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>棕櫚油的下滑跟隨原油的再次疲軟，原油在 2020 年以來經歷了最嚴重的年度損失。</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>市場一直在應對全球供應增加和持續的地緣政治風險的組合，這兩者都限制了價格的回升。</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>西德克薩斯中質原油週三下跌 0.9%，收於 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>較低的油價往往會減少對生物柴油原料的需求，包括棕櫚油，從而削弱這一商品的主要支撐來源之一。</p>
</div><p>This pressure was also evident across the wider vegetable oil complex.</p>
<div class="lb-trans"><p>這種壓力在更廣泛的植物油市場中也顯而易見。</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，棕櫚油在食品和燃料市場上的最接近競爭對手，週三收盤下跌 1.8%，進一步強化了負面情緒，限制了替代驅動的需求。</p>
</div><h2>Export data adds pressure</h2>
<div class="lb-trans"><h2>出口數據增加壓力</h2>
</div><p>In addition to energy market weakness, export figures from Malaysia weighed on sentiment.</p>
<div class="lb-trans"><p>除了能源市場的疲軟，馬來西亞的出口數據也對市場情緒造成了壓力。</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>根據 AmSpec 的數據，全球第二大棕櫚油生產國的 12 月出貨量環比下降 5%，降至 120 萬噸。</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>較弱的出貨數據加劇了原油價格下跌的影響，推動棕櫚油期貨進一步低於近期交易區間。</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>較弱的出口表現表明，儘管年底通常支持消費的季節性因素，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>最新數據顯示，年底的需求尚未顯著回升。</p>
</div><p>Prices of related contracts in Asia reflected the cautious mood.</p>
<div class="lb-trans"><p>亞洲相關合約的價格反映了謹慎的市場情緒。</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>在中國大連商品交易所，5 月交割的精煉棕櫚油下跌 0.9%，至每噸 8584 元，而 5 月的大豆油價格幾乎沒有變化，維持在每噸 7862 元。</p>
</div><h2>Seasonal demand ahead</h2>
<div class="lb-trans"><h2>即將到來的季節性需求</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>儘管近期損失嚴重，但市場的關注開始轉向與即將到來的節日相關的潛在購買興趣。</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>預計在 2026 年 2 月的農曆新年和齋月前的需求將支持消費，特別是在價格保持在每噸 4000 林吉特以下的情況下。</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>在這些水平上，市場被視為吸引買家的機會，這可能有助於在近期下滑後穩定價格。</p>
</div><p>Seasonal restocking typically increases purchases across major importing regions, offering some relief from current headwinds.</p>
<div class="lb-trans"><p>季節性補貨通常會增加主要進口地區的採購，為當前的逆風提供一些緩解。</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，棕櫚油在一方面受到能源價格下跌和出口疲軟的困擾，另一方面又受到節日驅動需求的預期影響。</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>短期內價格走勢可能繼續跟隨原油的波動和來自馬來西亞的出口流動。</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>馬來西亞棕櫚油因原油損失和出口放緩而下滑的文章首次出現在 Invezz 上。</p>
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馬來西亞棕櫚油價格因原油價格下跌和出口放緩而下滑