Trader: The recent strengthening of the ringgit may affect the overall demand for palm oil.

2025-09-18 11:56:15

Jin10 data reported on September 18, Kuala Lumpur Iceberg X trader David Ng stated that the closing price of palm oil (crude palm oil) has fallen due to the weakening of soybean oil prices. He added that the recent strengthening of the ringgit may affect the overall demand for palm oil. David Ng believes that the support level for palm oil prices is above 4400 ringgit per ton, while the resistance level is at 4530 ringgit per ton.

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