市场快讯：外盘提振，植物油板块大幅拉升

Report Summary 1. Report Industry Investment Rating - Not provided 2. Core Viewpoints - The domestic vegetable oil sector rose significantly driven by the overnight sharp increase in US soybean oil prices, which was boosted by good US soybean oil export data and the Trump administration's compromise on US biodiesel policy [3] - Different types of oils have different market outlooks: soybean oil is expected to have increased supply in the long - term despite a short - term rebound; palm oil offers a long - term short - selling opportunity after a short - term rebound; and rapeseed oil is suitable for long - position allocation under macro - policy interference [4] 3. Summary by Related Catalogs 3.1 Market Movement - Overnight US soybean oil prices rose 3.58% to 44.26 cents per pound, driving the domestic vegetable oil sector up, due to good US soybean oil export data and the Trump administration's compromise on US biodiesel policy [3] 3.2 Oil Data and News - As of the week ending March 13, 2025, the net sales volume of US 2024/25 soybean oil was 34,200 tons, a 50% decrease from last week and a 15% decrease from the four - week average [3] - The Trump administration asked oil and biofuel producers to reach an agreement on the next stage of the national biofuel policy, and initial talks suggest a significant increase in soybean oil demand in the biodiesel industry [3] 3.3 Logic Analysis - Soybean oil: About 20 million tons of Brazilian soybeans are expected to arrive in April - May, domestic oil mills will enter a new peak production period after April 20. Current domestic soybean oil inventory is slightly decreasing, but the basis is weak, downstream consumption is light, and supply is expected to increase in the long - term despite a short - term rebound [4] - Palm oil: The Ramadan in Southeast Asia is about to end, and the active production season will start after April. Malaysia's export data in March was poor, procurement demand from China and India was light, and inventory is expected to accumulate. The March supply - demand report is expected to be bearish, providing a long - term short - selling opportunity after a short - term rebound [4] - Rapeseed oil: There is an anti - dumping investigation on Sino - US rapeseed, and it is the growing season for Canadian rapeseed, so rapeseed supply is currently tight. Domestic rapeseed oil inventory is at a five - year high, but high inventory is not a reason to short. It is advisable to have a long - position allocation under macro - policy interference [4]