1. Limited production: Malaysia and Indonesia are the main producing areas of horse palm oil in the world. In recent years, due to the limited planting land and the influence of climate change, the output of horse palm oil has grown slowly. Limited supply makes it difficult for the market to digest the new products that will be listed soon.

2. Adequate stocks: the newly-increased output is limited, the export and consumption have declined due to the epidemic, and the stock level of horse palm oil is sufficient. Adequate inventory also makes it unnecessary for horse palm oil manufacturers to rush to open new products, and can wait until the inventory is reduced to a certain extent.

3. Slow demand repair: Due to the COVID-19 epidemic, the demand for horse palm oil in edible oil and biodiesel has weakened. The repair speed of demand is slow.

4. Defensive mentality: Under the uncertain market environment, horse palm oil producers will adopt a more defensive sales strategy. Suspending the opening can observe the market changes and avoid the price falling too fast.

5. The futures price is low: the futures price of horse palm oil has also been low recently, even falling back. The decline of mainstream futures prices will affect the enthusiasm of spot prices, and manufacturers will postpone the opening to observe the changes of futures prices.