Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View of the Report The report suggests caution as the oils and fats market may experience a correction after the cooling of macro - sentiment, and recommends a wait - and - see approach [2]. 3. Summary by Relevant Content Spot Price Information - Palm Oil: On July 29, 2025, the spot price in Tianjin was 9070, down 50 from July 28; in Zhangjiagang it was 9020, down 50; and in Huangpu it was 8920, down 50 [1]. - Grade I Soybean Oil: On July 29, 2025, the spot price in Tianjin was 8270, up 20 from July 28; in Zhangjiagang it was 8370, up 20; and in Huangpu it was 8320, up 20 [1]. - Grade IV Rapeseed Oil: On July 29, 2025, the spot price in Zhangjiagang was 9590, up 50 from July 28; in Wuhan it was 9610, up 50; and in Chengdu it was 9820, up 50 [1]. Futures Data - Contract Spreads: On July 29, 2025, the spread between soybean and palm oil main contracts was - 744, up 82 from July 28; the spread between rapeseed and soybean oil main contracts was 1266, down 20 [1]. - Warehouse Receipts: On July 29, 2025, palm oil warehouse receipts were 570, unchanged; soybean oil warehouse receipts were 21113, down 382; and rapeseed oil warehouse receipts were 3487, unchanged [1]. Palm Oil Supply and Demand Information - Indonesia: In May, due to a surge in exports, Indonesia's palm oil inventory decreased 4.27% month - on - month to 2.9 million tons. Exports reached 2.66 million tons, a nearly 50% increase from April and a 35.64% year - on - year increase. May's crude palm oil production was 4.17 million tons, lower than April but a 7.2% increase from last year [2]. - Malaysia: From July 1 - 20, the yield per unit area increased 7.03% month - on - month, the oil extraction rate decreased 0.16% month - on - month, and production increased 6.19% month - on - month. Export data from different institutions showed varying degrees of decline compared to the previous month [2]. - India: In June, India's palm oil imports increased 61% month - on - month to 953,000 tons, the highest in 11 months [2]. Other Information - US Soybeans: As of the week ending July 20, 2025, the good - excellent rate of US soybeans was 68%, lower than the expected 71%. The flowering rate was 62%, and the pod - setting rate was 26% [2]. - Australian Rapeseed: Australian rapeseed is expected to enter the domestic market, which will alleviate the shortage of rapeseed imports caused by the tense China - Canada relationship [2].
油脂数据日报-20250730
Guo Mao Qi Huo·2025-07-30 06:10