Report Industry Investment Rating - The investment strategy for the industry is neutral [4] Core View of the Report - Indonesia's crackdown on illegal plantations has led to a volatile and upward - trending palm oil market. The price of palm oil is affected by Indonesia's policy of confiscating illegal plantations, and the market is also influenced by factors such as the inventory and production of various oils [1][3] Summary by Related Catalogs Futures and Spot Prices - Futures: The closing price of the palm oil 2601 contract was 9,584.00 yuan/ton, a +1.31% change; the soybean oil 2601 contract was 8,516.00 yuan/ton, a -0.21% change; the rapeseed oil 2601 contract was 9,826.00 yuan/ton, a +0.71% change [1] - Spot: In Guangdong, the palm oil spot price was 9,510.00 yuan/ton, a +2.04% change; in Tianjin, the first - grade soybean oil spot price was 8,630.00 yuan/ton, a +0.12% change; in Jiangsu, the fourth - grade rapeseed oil spot price was 9,960.00 yuan/ton, a +0.91% change [1] Market Information Aggregation - As of August 18, the national imported soybean port inventory was 6.75865 million tons, a decrease of 82,400 tons from the previous week [2] - From August 1 - 15, 2025, Malaysia's palm oil yield per unit decreased by 1.78% month - on - month, the oil extraction rate increased by 0.51% month - on - month, and production increased by 0.88% month - on - month [2] - As of August 15, 2025, the rapeseed inventory of major coastal oil mills was 115,000 tons, a decrease of 23,800 tons from the previous week; the rapeseed oil inventory was 104,500 tons, a decrease of 5,500 tons from the previous week; the unexecuted contracts were 82,000 tons, a decrease of 4,000 tons from the previous week [2] - The C&F prices of Argentine soybean oil (September and November shipments) decreased, while the C&F prices of Canadian rapeseed oil (September and November shipments) increased. The C&F prices of Canadian rapeseed (October and December shipments) decreased, and the C&F prices of US and Brazilian soybeans increased [2] - The import soybean premium quotes also increased [2] Policy Impact - Indonesian President Prabowo launched a large - scale natural resource rectification campaign, confiscating 3.1 million hectares of illegal palm plantations, equivalent to 20% of the country's official total plantation area, and another 5 million hectares are under government review, causing palm oil to strengthen [3]
印尼打击非法种植园，棕榈油震荡偏强
Hua Tai Qi Huo·2025-08-19 05:15