棕榈油：国际油价反弹，短时提供支撑，豆油：品种间保持偏强

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - International oil price rebound provides short - term support for palm oil, and soybean oil remains relatively strong among varieties [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Futures Prices: Palm oil主力 closed at 7,908 yuan/ton (down 0.08% during the day, up 0.56% at night), soybean oil主力 at 7,760 yuan/ton (down 0.33% during the day, up 0.93% at night), and rapeseed oil主力 at 9,372 yuan/ton (up 0.40% during the day, up 0.11% at night). The Malaysian palm oil主力 closed at 3,801 ringgit/ton (up 1.99% during the day, up 0.89% at night), and CBOT soybean oil主力 at 48.40 cents/pound (up 2.26%) [1] - Trading Volume and Open Interest: Palm oil主力 trading volume was 685,958 lots (down 62,759), open interest was 428,821 lots (up 2,700); soybean oil主力 trading volume was 342,797 lots (down 13,586), open interest was 607,347 lots (up 4,521); rapeseed oil主力 trading volume was 444,856 lots (up 9,308), open interest was 313,272 lots (up 10,848) [1] - Spot Prices: 24 - degree palm oil in Guangdong was 8,520 yuan/ton (down 30 yuan), first - grade soybean oil in Guangdong was 8,160 yuan/ton (unchanged), and fourth - grade imported rapeseed oil in Guangxi was 9,410 yuan/ton (up 70 yuan). The FOB price of Malaysian palm oil was 945 dollars/ton (down 25 dollars) [1] - Basis: Palm oil basis in Guangdong was 612 yuan/ton, soybean oil basis in Guangdong was 400 yuan/ton, and rapeseed oil basis in Guangxi was 38 yuan/ton [1] - Price Spreads: The spread between rapeseed oil and palm oil futures主力 was 1,464 yuan/ton, between soybean oil and palm oil futures主力 was - 148 yuan/ton. Palm oil 5 - 9 spread was 248 yuan/ton, soybean oil 5 - 9 spread was 140 yuan/ton, and rapeseed oil 5 - 9 spread was 28 yuan/ton [1] 3.2 Macro and Industry News - BIMP - EAGA Business Council plans to strengthen the quality monitoring of crude palm oil in Sabah through cooperation [2][3] - Kenya is interested in cooperating with Malaysia to build a palm oil processing center in Mombasa Industrial Park [3] - As of the week of May 6, about 15% of US soybean - growing areas were affected by drought, the same as the previous week and higher than 11% last year [3] - Private exporters reported selling 22.5 tons of soybeans to Pakistan for 2025/26 delivery [4] - Anec predicted that Brazil's soybean exports from May 7 to May 10 would be 351.36 tons (down from 376.78 tons last week), and soybean meal exports would be 69.31 tons (up from 52.28 tons last week) [4] - The Buenos Aires Grain Exchange raised the forecast of Argentina's 2024/25 soybean harvest from 48.6 million tons to 50 million tons [4] - As of March 31, 2025, Canada's rapeseed inventory decreased by 38.7% year - on - year to 5.9 million tons. Exports increased by 73.6% to 6.8 million tons, and domestic consumption reached a record 8.1 million tons [5] 3.3 Trend Intensity - Palm oil trend intensity was 0, and soybean oil trend intensity was 0 [6]