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On January 27th, according to foreign media reports, Malaysian palm oil futures opened higher on Tuesday, following gains in soybean oil, a competitor on the Dalian Commodity Exchange, but a stronger ringgit limited intraday gains. The Malaysian ringgit rose 0.2% against the US dollar to 3.9540, its highest level since mid-May 2018. Crude oil prices fell on Tuesday, despite severe winter storms impacting crude oil production along the US Gulf Coast and affecting refineries. The softening of crude oil futures prices reduced the attractiveness of palm oil as a feedstock for biodiesel.On January 27th, futures market news reported that crude oil prices surged during the day yesterday, fueled by market concerns about a potential US attack on a Middle Eastern country, particularly in the domestic market. However, prices subsequently retreated, and international markets also declined in the evening. The situation in the Middle East remains calm, and geopolitical premiums have moderately decreased. Zhuochuang Information predicts that close monitoring of Middle East developments is crucial. With the US military fully deployed, there is a risk of a sudden surge in oil prices due to an potential attack. However, unless a military attack occurs, crude oil prices will continue to be under pressure, maintaining their current weak and volatile trend.South Korean Presidential Office: We will respond calmly.January 27 - The State Council Information Office will hold a press conference at 10:00 AM on Thursday, January 29, 2026. Li Chunlin, Vice Chairman of the National Development and Reform Commission, and relevant officials from the Ministry of Transport, the Ministry of Emergency Management, the China Meteorological Administration, the Civil Aviation Administration of China, and the China State Railway Group will introduce the 2026 Spring Festival travel season situation and work arrangements, and answer questions from reporters.On January 27, Cui Pengcheng, Director of the Policy Research Department and spokesperson of the Ministry of Human Resources and Social Security, stated at a regular press conference that the employment situation remains generally stable. In 2025, 12.67 million new urban jobs were created nationwide, and the average urban surveyed unemployment rate was 5.2%. Support for stabilizing employment policies has been further strengthened, with continued efforts to tap into and expand job opportunities in key areas, key industries, urban and rural grassroots areas, and small and micro enterprises, effectively releasing job demand. The reduction in unemployment insurance rates has reduced the burden on enterprises by 187.2 billion yuan, and 33.6 billion yuan in job stabilization subsidies have been distributed.

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