Group 1: General Information - Reported industry: Oil and fat [1] - Report date: August 13, 2025 [2] - Research team: Agricultural products research team [4] Group 2: Research Analysts - Yu Lanlan, contact: 021 - 60635732, email: yulanlan@ccb.ccbfutures.com, futures qualification number: F0301101 [3] - Lin Zhenlei, contact: 021 - 60635740, email: linzhenlei@ccb.ccbfutures.com, futures qualification number: F3055047 [3] - Wang Haifeng, contact: 021 - 60635727, email: wanghaifeng@ccb.ccbfutures.com, futures qualification number: F0230741 [3] - Hong Chenliang, contact: 021 - 60635572, email: hongchenliang@ccb.ccbfutures.com, futures qualification number: F3076808 [3] - Liu Youran, contact: 021 - 60635570, email: liuyouran@ccb.ccbfutures.com, futures qualification number: F03094925 [3] Group 3: Market Review - P2509: Previous settlement price 9078, opening price 9246, highest price 9388, lowest price 9224, closing price 9362, up 284, up 3.13%, volume 443030, open interest 270663, open interest change -29322 [7] - P2601: Previous settlement price 9106, opening price 9254, highest price 9432, lowest price 9252, closing price 9396, up 290, up 3.18%, volume 407076, open interest 380486, open interest change 68812 [7] - Y2509: Previous settlement price 8410, opening price 8486, highest price 8520, lowest price 8422, closing price 8488, up 18, up 0.93%, volume 140203, open interest 306250, open interest change -28769 [7] - Y2601: Previous settlement price 8400, opening price 8440, highest price 8510, lowest price 8410, closing price 8476, up 16, up 0.90%, volume 408640, open interest 682979, open interest change 19822 [7] - OI609: Previous settlement price 9596, opening price 9699, highest price 9848, lowest price 9596, closing price 9802, up 242, up 2.53%, volume 271285, open interest 117479, open interest change -8561 [7] - OI601: Previous settlement price 9557, opening price 9605, highest price 9850, lowest price 9557, closing price 9810, up 253, up 2.65%, volume 271777, open interest 255572, open interest change 53304 [7] - Basis prices: Dongguan tertiary rapeseed oil in August: OI2509 + 80; Dongguan first - grade rapeseed oil in August: OI2509 + 220; East China market soybean oil basis price from August - September: Y2509 + 220, from October - November: Y2601 + 270, from October - January: Y2601 + 280, from February - May: Y2605 + 280; East China 24 - degree spot P09 + 40 yuan/ton, 11 - month shipment P01 + 120 yuan/ton; South China 24 - degree P09 + 20 yuan/ton [7] Group 4: Core Viewpoint - The bullish sentiment in the oil and fat market is strong, with large - scale capital inflows into the three major oils, and futures prices hitting new highs for the year. The preliminary anti - dumping ruling on Canadian rapeseed is bullish for rapeseed oil in terms of market sentiment. Soybean oil is promising in the long - term due to biodiesel policies in the US and Brazil, possible reduction in soybean imports in the fourth quarter, and recovering domestic demand. Palm oil continues to strengthen due to increased export. There is little room for a sharp short - term decline in the three major domestic oils, with a bullish outlook and recommendation to hold long - dated basis contracts [8] Group 5: Industry News - Malaysia's palm oil exports from August 1 - 10 were 453,230 tons, a 23.7% increase from 366,482 tons in the same period in July [9] - On August 12, the Ministry of Commerce announced the preliminary ruling on the anti - dumping investigation of imported rapeseed from Canada. Temporary anti - dumping measures in the form of deposit will be implemented starting August 14, with the dumping margin for Canadian companies at 75.8% [8][9] Group 6: Data Overview - Figures include East China tertiary rapeseed oil spot price, East China quaternary soybean oil spot price, South China 24 - degree palm oil spot price, palm oil basis change, soybean oil basis change, rapeseed oil basis change, P1 - 5 spread, P5 - 9 spread, P9 - 1 spread, US dollar to Malaysian ringgit exchange rate, and US dollar to Chinese yuan exchange rate, with data sources from Wind and the Research and Development Department of CCB Futures [11][19][26][30]
建信期货油脂日报-20250813
Jian Xin Qi Huo·2025-08-13 02:06