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
+$183/MT
wide — strong refining margins, refiners likely buying more CPO
PKO – CPO
+$1099/MT
wide premium — lauric oil demand strong
CPO anchor
$1101
current Malaysia CPO (USD/MT)
Derivative price board — August shipment
Auto-adjusted +0.7% 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 | $1157 | $1232 | +$56 |
| Shortening 38-40 | $1156 | $1231 | +$55 |
| Shortening 40-42 | $1153 | $1228 | +$52 |
| Shortening 48-50 | $1143 | $1218 | +$42 |
| Shortening 50-52 | $1135 | $1210 | +$34 |
| Stearin MIN52 | $1126 | $1201 | +$25 |
| Soap Stearin | $1107 | $1183 | +$6 |
| HPKO Pamkot CBS | $2117 | $2193 | +$1016 |
| HPKOL Pamfil CBS | $1861 | $1936 | +$760 |
| HPKS Pamchoco CBS | $2392 | $2468 | +$1291 |
| Margarine | $1078 | $1154 | $-23 |
| OLEIN IV58 in 20 L Yellow JC | $1345 | $1416 | +$244 |
| RBD Oil in Flexi with HP | $1262 | $1339 | +$161 |
| RBD Olein in Flexi with HP | $1284 | $1361 | +$183 |
| RBD Stearin in Flexi with HP | $1223 | $1301 | +$122 |
| RBD Palm Kernel Oil Flexi HP | $2200 | $2277 | +$1099 |
| RBD Palm Kernel Olein Flexi HP | $1937 | $2015 | +$836 |
| RBD Palm Kernel Stearin Flexi HP | $2472 | $2549 | +$1371 |
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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