Palm oil futures is the first pure imported product listed in China futures market, which indicates that the products listed in China futures market are becoming more and more open and international. Palm oil, soybean oil and rapeseed oil are the three main vegetable oils in the domestic consumer market at present. After the palm oil futures were listed in Dashang in June 2007, it formed a perfect domestic oil futures market with soybean oil futures listed in Dashang last year and rapeseed oil futures listed in Zhengshang on June 8 this year. There are many factors that affect the futures price of palm oil, such as large price fluctuation, frequent intraday fluctuation and moderate transaction cost. The special position of the leading variety in the international oil market contains many investment and arbitrage opportunities, which is beneficial to investors to enrich their investment portfolio and is an excellent investment variety.