Derivative Spreads
Key refining and fractionation spreads that signal processing economics and feed back into CPO demand. Prices auto-index to the latest CPO benchmark when no fresh list is published.
RBD Olein – CPO
+$188/MT
wide — strong refining margins, refiners likely buying more CPO
PKO – CPO
+$1134/MT
wide premium — lauric oil demand strong
CPO anchor
$1137
current Malaysia CPO (USD/MT)
Derivative price board — August shipment
Auto-adjusted +3.9% from last published list (2026-07-03) to reflect current CPO level.
| Product | FOB (USD/PMT) | CIF Mundra (USD/PMT) | Spread vs CPO |
|---|---|---|---|
| Shortening 36-39 | $1194 | $1272 | +$57 |
| Shortening 38-40 | $1193 | $1271 | +$56 |
| Shortening 40-42 | $1190 | $1268 | +$53 |
| Shortening 48-50 | $1180 | $1258 | +$43 |
| Shortening 50-52 | $1171 | $1249 | +$34 |
| Stearin MIN52 | $1162 | $1240 | +$25 |
| Soap Stearin | $1143 | $1221 | +$6 |
| HPKO Pamkot CBS | $2186 | $2264 | +$1049 |
| HPKOL Pamfil CBS | $1921 | $1999 | +$784 |
| HPKS Pamchoco CBS | $2470 | $2548 | +$1333 |
| Margarine | $1113 | $1191 | $-24 |
| OLEIN IV58 in 20 L Yellow JC | $1389 | $1461 | +$252 |
| RBD Oil in Flexi with HP | $1302 | $1382 | +$165 |
| RBD Olein in Flexi with HP | $1325 | $1405 | +$188 |
| RBD Stearin in Flexi with HP | $1263 | $1343 | +$126 |
| RBD Palm Kernel Oil Flexi HP | $2271 | $2351 | +$1134 |
| RBD Palm Kernel Olein Flexi HP | $2000 | $2080 | +$863 |
| RBD Palm Kernel Stearin Flexi HP | $2552 | $2632 | +$1415 |
RSPO premium: MB +$20/MT · SG +$80/MT
Prices are indicative FOB Malaysia / CIF Mundra estimates, auto-indexed to the latest CPO benchmark when no fresh price list is available. Spreads are computed against the live Malaysia CPO (USD/MT). For information only, not a quotation.
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