市场快讯：印尼B50研发加快，棕榈油不建议追高

Report Industry Investment Rating - Palm oil and soybean oil are not recommended to be chased high, with limited upside potential; rapeseed oil can be bought on dips with small long positions [4] Core View - With the news that Indonesia's B50 R & D is accelerating and Malaysia's palm oil inventory is expected to decline, the domestic vegetable oil sector opened higher and the palm oil led the rise. However, considering the current inventory situation of various oils, it is not advisable to chase high for palm oil and soybean oil, while rapeseed oil can be bought on dips [3][4] Summary According to Related Content Indonesia's B50 Policy - During the National Day holiday on October 7, Indonesian officials said that the B50 laboratory test was completed and planned to implement the B50 biodiesel plan next year, but the specific implementation time was undetermined. If B50 is implemented, Indonesia's demand for palm - based biofuel will rise to 20.1 billion liters, compared with 15.6 billion liters required by the current B40 policy [3] Malaysia's Palm Oil Situation - The Malaysian Palm Oil Board (NPOB) will release the official monthly report on October 10. A survey shows that Malaysia's palm oil inventory in September will decline for the first time since February due to increased exports and decreased production. The export volume in September is expected to be 1.427 million tons, a 7.7% month - on - month increase, the highest since November last year. The crude palm oil production in September is expected to be 1.794 million tons, a 3.3% month - on - month decrease, the lowest since June [3] Domestic Vegetable Oil Inventory and Investment Suggestions - The domestic soybean inventory is 7.79 million tons, a five - year high, and 40 ships of zero - tariff soybeans from Argentina are on the way. The soybean oil inventory of oil mills is 1.46 million tons, also a five - year high. The palm oil inventory is 524,000 tons, which can meet the rigid demand. Due to the China - Canada trade dispute, the subsequent arrival of rapeseed is low, and the rapeseed oil inventory of oil mills is being depleted. Among the three major oils, rapeseed oil has the strongest fundamentals and high resistance to decline [4]