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
+$193/MT
wide — strong refining margins, refiners likely buying more CPO
PKO – CPO
+$1159/MT
wide premium — lauric oil demand strong
CPO anchor
$1162
current Malaysia CPO (USD/MT)
Derivative price board — August shipment
Auto-adjusted +6.2% 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 | $1221 | $1300 | +$59 |
| Shortening 38-40 | $1220 | $1299 | +$58 |
| Shortening 40-42 | $1216 | $1296 | +$54 |
| Shortening 48-50 | $1206 | $1285 | +$44 |
| Shortening 50-52 | $1197 | $1277 | +$35 |
| Stearin MIN52 | $1188 | $1267 | +$26 |
| Soap Stearin | $1169 | $1248 | +$7 |
| HPKO Pamkot CBS | $2234 | $2314 | +$1072 |
| HPKOL Pamfil CBS | $1963 | $2043 | +$801 |
| HPKS Pamchoco CBS | $2524 | $2604 | +$1362 |
| Margarine | $1138 | $1217 | $-24 |
| OLEIN IV58 in 20 L Yellow JC | $1419 | $1494 | +$257 |
| RBD Oil in Flexi with HP | $1331 | $1413 | +$169 |
| RBD Olein in Flexi with HP | $1355 | $1436 | +$193 |
| RBD Stearin in Flexi with HP | $1291 | $1373 | +$129 |
| RBD Palm Kernel Oil Flexi HP | $2321 | $2403 | +$1159 |
| RBD Palm Kernel Olein Flexi HP | $2044 | $2126 | +$882 |
| RBD Palm Kernel Stearin Flexi HP | $2608 | $2690 | +$1446 |
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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