Executive Summary
The Indonesian physical Crude Palm Oil (CPO) market closed the fourth week of April 2026 with steady movement, maintaining its positive trajectory. Today’s KPBN tender on Friday, April 24, recorded a slight increase of IDR 12/kg, pushing the benchmark price to a new psychological level of IDR 15,500/kg.
Technical Breakdown: PTPN Tender (April 24, 2026)
•Dumai Hub (DMI):
•Highest Bid: EUP at 15,456.
•Competition: KJA (15,392) and PAA (15,377).
•Final Price (CTR): 15,500.
•Status: ACC EUP.
•Loco Parindu:
•Status: WD (Withdrawal) at CTR 15,150.
Market Intelligence: 3 Key Strategic Insights
1.Sustained Bullish Foundation: The market has successfully established a new support level at 15,500/kg, rising steadily from 15,250/kg since April 21.
2.Consistent Procurement Strategy: EUP has secured consecutive wins in the Dumai hub, highlighting a focused effort by major refiners to maintain physical inventory levels.
3.Seller Price Firmness: The WD status in Parindu indicates that producers remain firm on their pricing expectations despite a cooling of aggressive bidding compared to mid-week.
中文翻译
市场分析：KPBN 毛棕榈油 (CPO) 价格整合与招标动态分析
执行摘要
2026年4月24日（星期五），印度尼西亚毛棕榈油 (CPO) 实物市场以稳健态势收盘。今日 KPBN 招标价格微涨 12 印尼盾/公斤，成功将基准价格推高至 15,500 印尼盾/公斤 的新心理关口。尽管今日涨幅较本周中旬有所放缓，但市场能维持在高价位，显示出国内需求侧的强劲支撑。
PTPN 招标技术详情 (2026年4月24日)
•杜迈枢纽 (DMI Hub):
•最高报价: EUP 报价 15,456。
•竞争对手: KJA (15,392) 和 PAA (15,377)。
•最终成交价 (CTR): 15,500。
•状态: 成交 (ACC) EUP。
•帕林杜地区 (Loco Parindu):
•成交量: 0.2k。
•报价: EUP (14,931), PBI (14,850), 和 MNA (14,555)。
•状态: 未成交 (WD)，目标价为 15,150。
市场情报：3 大核心要点
1.高位企稳: 价格已成功突破并稳定在 15,500 印尼盾/公斤水平，较本周初（4月21日）的 15,250 印尼盾/公斤稳步上涨。这表明市场已形成更高的价格底部。
2.主要买家主导: EUP 连续两天在杜迈枢纽中标，显示出主要精炼厂在月底前采取了严格的库存保卫策略。
3.卖方价格坚持: 帕林杜地区的 WD (未成交) 状态表明，卖方（PTPN）对大宗商品价值持乐观态度，尽管买家加价趋于谨慎，卖方仍拒绝低于预期的报价。