Group 1: General Information - Reported industry: Oil and fat [1] - Report date: October 23, 2025 [2] - Research team: Agricultural product research team [4] Group 2: Researcher Information - Researcher Yu Lanlan, contact: 021 - 60635732, email: yulanlan@ccb.ccbfutures.com, futures qualification number: F0301101 [3] - Researcher Lin Zhenlei, contact: 021 - 60635740, email: linzhenlei@ccb.ccbfutures.com, futures qualification number: F3055047 [3] - Researcher Wang Haifeng, contact: 021 - 60635727, email: wanghaifeng@ccb.ccbfutures.com, futures qualification number: F0230741 [3] - Researcher Hong Chenliang, contact: 021 - 60635572, email: hongchenliang@ccb.ccbfutures.com, futures qualification number: F3076808 [3] - Researcher Liu Youran, contact: 021 - 60635570, email: liuyouran@ccb.ccbfutures.com, futures qualification number: F03094925 [3] Group 3: Market Review and Operation Suggestions - Market review: East China's third - grade rapeseed oil prices from October - November are OI2601 + 330, December - January are OI2601 + 270; first - grade rapeseed oil from October - November are OI2601 + 430, December - January are OI2601 + 370. East China's first - grade soybean oil basis prices: for first - grade soybean oil, October is Y2501 + 210, October - November is Y2501 + 220, December - January is Y2601 + 280, February - May is Y2501 + 150, March - May is Y2501 + 130, May - July is Y2501 + 10; for third - grade soybean oil, it's 01 + 170; for raw soybean oil, it's 01 + 50. Dongguan traders' palm oil quotes are stable, with 24 - degree palm oil at 01 - 70 [7] - Industry comments: China's three major oils continued to adjust. In the palm oil market, the Malaysian Palm Oil Association (MPOA) reported that Malaysia's palm oil production from October 1 - 20, 2025, increased by 10.77% month - on - month. Strong production and expected slowdown in Indian palm oil demand after Diwali dragged down the market. The domestic spot market was weak, with sufficient supply and little change in basis quotes. In the short term, there is a lack of drivers, and low crude oil prices also put pressure on the oil sector. Futures are expected to maintain a weak and volatile trend with further downward potential. Attention should be paid to the lower technical support levels [7] Group 4: Industry News - The Malaysian Palm Oil Association (MPOA) reported that Malaysia's palm oil production from October 1 - 20, 2025, increased by 10.77% month - on - month, with Peninsular Malaysia up 4.54%, Sabah up 21.99%, Sarawak up 16.69%, and East Malaysia up 20.45% [8] - UOB KayHian estimated that Malaysia's palm oil production from October 1 - 20 increased by 10% - 14% month - on - month, with Sabah up 20% - 24%, Sarawak up 18% - 22%, and Peninsular Malaysia up 3% - 7% [8] - Shipping surveyor SGS reported that Malaysia's palm oil exports from October 1 - 20 were 793,571 tons, a 41.8% increase from 559,829 tons in the same period of September. Exports to China were 84,400 tons, higher than the 46,300 tons in the previous month [8] Group 5: Data Overview - The report presents multiple data charts including spot prices of East China's third - grade rapeseed oil, East China's fourth - grade soybean oil, South China's 24 - degree palm oil; basis changes of palm oil, soybean oil, and rapeseed oil; P1 - 5, P5 - 9, P9 - 1 spreads; and exchange rates of US dollar to RMB and US dollar to Malaysian ringgit, with data sources from Wind and the research and development department of CCB Futures [10][12][15][23][28][29]
建信期货油脂日报-20251023
Jian Xin Qi Huo·2025-10-23 02:38