Executive Summary
The Indonesian physical Crude Palm Oil (CPO) market showed recovery signals during the trading session on Wednesday, April 29, 2026. Following a sharp correction in the previous session, today’s KPBN tender successfully rebounded with an increase of IDR 98/kg. Despite the Withdrawal (WD) status still affecting several regions, successful transactions in the main hubs indicate a return of buying interest at new price levels.
Technical Breakdown: CPO & PK Tender (April 29, 2026)
•Dumai Hub (DMI Hub):
•Highest Bid: EUP at 15,220.
•Competition: PAA (15,107) and AGM/KJA (15,100).
•Status: ACC EUP.
•Duku Area:
•Winner: PSCOI at 15,020.
•Status: ACC PSCOI.
•WD Regions (Parindu, Kem, Ngab):
•Average bids were below the seller’s target price (CTR), resulting in a WD status.
•Palm Kernel Sector (KPBN PK):
•Several locations successfully achieved ACC, such as TD (Wira – 14,895) and BLW (PHPO – 15,650).
•Other strategic locations (SH, PM, SSEB) remain in WD status because bids have not yet reached the CTR.
Market Intelligence: 3 Strategic Analysis Points
1.Rebound Momentum: Today’s 98-point increase is crucial to suppress the bearish sentiment following the drastic 337-point drop on the previous day.
2.Strategic Buyer Activity: EUP has once again taken a dominant role in the Dumai hub, indicating that refineries have begun restocking as prices are deemed competitive.
3.Selective PK Dynamics: Unlike the previous day, which saw a total WD, several PK contracts were successful (ACC) today, signaling that market liquidity is gradually starting to flow.
中文版
市场分析：KPBN 毛棕榈油 (CPO) 价格逐步回升与 4 月底招标动态
执行摘要
2026 年 4 月 29 日（星期三），印度尼西亚毛棕榈油 (CPO) 实物市场显示出回升信号。在上一交易日大幅回调后，今日 KPBN 招标成功反弹，价格上涨 98 印尼盾/公斤。尽管“未成交”(WD) 状态仍影响部分地区，但主要枢纽的成功交易表明买盘兴趣已回归至新的价格水平。
招标技术细节 (2026 年 4 月 29 日)
•杜迈枢纽 (DMI Hub)：
•最高报价： EUP 报价 15,220。
•竞争对手： PAA (15,107) 和 AGM/KJA (15,100)。
•状态： 成交 (ACC) EUP。
•杜库地区 (Duku)：
•中标者： PSCOI 报价 15,020。
•状态： 成交 (ACC) PSCOI。
•未成交地区 (Parindu, Kem, Ngab)：
•平均报价低于卖方目标价格 (CTR)，因此状态以 WD 告终。
•棕榈仁部门 (KPBN PK)：
•部分地区成功 成交 (ACC)，如 TD (Wira – 14,895) 和 BLW (PHPO – 15,650)。
•其他战略地点 (SH, PM, SSEB) 仍处于 WD 状态，因为报价尚未达到 CTR。
市场情报：3 大战略分析要点
1.反弹势头： 今日 98 点的涨幅对于抑制前一日大幅下跌 337 点后的“看跌”情绪至关重要。
2.战略买家活动： EUP 再次在杜迈枢纽占据主导地位，表明“精炼厂”在价格被认为具有竞争力时已开始重新补货。
3.选择性的棕榈仁动态： 与前一日的全线 WD 不同，今日多项棕榈仁合同成功成交 (ACC)，表明市场流动性正开始逐步恢复。