市场快讯：印尼B50研发加快棕榈油不建议追高

Report Summary 1) Report Industry Investment Rating - Palm oil and soybean oil are not recommended for chasing higher prices, while rapeseed oil can be bought in small quantities on dips [4] 2) Core Viewpoints - The news of Indonesia's B50 plan and the expected decline in Malaysia's palm oil inventory in September have boosted the domestic vegetable oil sector, but considering the current inventory situation of various oils, the upside of palm oil and soybean oil is limited, and rapeseed oil has relatively strong fundamentals and can be bought on dips [3][4] 3) Summary by Related Catalogs Indonesia B50 Plan - During the National Day holiday on October 7, Indonesian officials said that the laboratory test of Indonesia's B50 was completed, and the B50 biodiesel plan is scheduled to be implemented next year, with the specific implementation time yet to be determined. 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 under the current B40 policy [3] Malaysia Palm Oil Situation - Malaysia's Palm Oil Board (NPOB) will release the official monthly report on October 10. A industry 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 estimated export volume in September is 1.427 million tons, a 7.7% month - on - month increase and the highest level since November last year; the estimated crude palm oil production is 1.794 million tons, a 3.3% month - on - month decrease and the lowest level since June [3] Domestic Vegetable Oil Inventory and Investment Suggestions - Affected by the above news, the domestic vegetable oil sector opened higher and rose, with palm oil leading the gain. However, the current 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 relatively low at 524,000 tons but 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. Rapeseed oil has the strongest fundamentals and high resistance to decline among the three major oils. Palm oil and soybean oil are not recommended for chasing higher prices as the upside is limited, while rapeseed oil can be bought in small quantities on dips [4]