欧盟印尼达成棕榈油贸易零关税配额，油脂震荡

Report Industry Investment Rating - The investment strategy for the oil and fat industry is neutral [4] Core View of the Report - The prices of the three major oils fluctuated yesterday. The EU and Indonesia reached a zero - tariff quota for palm oil trade, which is beneficial for palm oil exports. However, the market expects that the zero - tariff palm oil exports from Indonesia to the EU will mainly increase the demand for palm oil in the food industry, with limited impact, and the oils will continue to fluctuate [3] Summary by Related Content Futures Prices - Yesterday's closing price of the palm oil 2509 contract was 8982.00 yuan/ton, a环比 change of +12 yuan, or +0.13%; the closing price of the soybean oil 2509 contract was 8240.00 yuan/ton, a环比 change of +14.00 yuan, or +0.17%; the closing price of the rapeseed oil 2509 contract was 9621.00 yuan/ton, a环比 change of +129.00 yuan, or +1.36% [1] Spot Prices - In the Guangdong region, the spot price of palm oil was 9000.00 yuan/ton, a环比 change of +60.00 yuan, or +0.67%, and the spot basis was P09 + 18.00, a环比 change of +48.00 yuan; in the Tianjin region, the spot price of first - grade soybean oil was 8370.00 yuan/ton, a环比 change of +20.00 yuan/ton, or +0.24%, and the spot basis was Y09 + 130.00, a环比 change of +6.00 yuan; in the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9710.00 yuan/ton, a环比 change of +130.00 yuan, or +1.36%, and the spot basis was OI09 + 89.00, a环比 change of +1.00 yuan [1] Market News - The EU and Indonesia reached an agreement to advance the Comprehensive Economic Partnership Agreement (CEPA), and they agreed on a tariff quota method for palm oil trade, which will set a quota for the quantity of EU - imported palm oil eligible for 0% tariff [2] - The C&F price of Canadian rapeseed (October shipment) was 579 dollars/ton, down 6 dollars/ton from the previous trading day; the C&F price of Canadian rapeseed (December shipment) was 569 dollars/ton, down 6 dollars/ton from the previous trading day. The C&F price of Argentine soybean oil (August shipment) was 1182 dollars/ton, down 1 dollar/ton from the previous trading day; the C&F price of Argentine soybean oil (October shipment) was 1140 dollars/ton, unchanged from the previous trading day. The C&F quote of imported rapeseed oil: the C&F price of Canadian rapeseed oil (August shipment) was 1060 dollars/ton, unchanged from the previous trading day; the C&F price of Canadian rapeseed oil (October shipment) was 1040 dollars/ton, unchanged from the previous trading day. The C&F price of US Gulf soybeans (September shipment) was 460 dollars/ton, up 5 dollars/ton from the previous trading day; the C&F price of US West soybeans (September shipment) was 455 dollars/ton, up 5 dollars/ton from the previous trading day; the C&F price of Brazilian soybeans (September shipment) was 469 dollars/ton, up 1 dollar/ton from the previous trading day. The import soybean premium quotes: the premium of the Mexican Gulf (September shipment) was 229 cents/bushel, up 5 cents/bushel from the previous trading day; the premium of the US West Coast (September shipment) was 202 cents/bushel, up 5 cents/bushel from the previous trading day; the premium of Brazilian ports (September shipment) was 270 cents/bushel, up 7 cents/bushel from the previous trading day [2] - As of the week of July 23, Argentine farmers sold 78.77 tons of 24/25 - year soybeans, bringing the cumulative sales to 2743.16 tons. The local oil mills purchased 74.57 tons, and the export industry purchased 4.2 tons. In addition, Argentine farmers sold 4.3 tons of 25/26 - year soybeans, bringing the cumulative sales to 48.95 tons. The local oil mills purchased 4.3 tons, and the export industry purchased 0 tons. The total soybean sales of all years in that week were 84.69 tons, bringing the cumulative sales to 6864.8 tons. As of July 23, the cumulative export sales registration quantity of 24/25 - year soybeans was 803.7 tons, and the cumulative export sales registration quantity of 25/26 - year soybeans was 0 tons [2]