油厂仍未大量收购，盘面震荡下行

Report Industry Investment Rating - Not provided in the document Core Viewpoints of the Report - The peanut market is expected to show a weak and volatile trend, with a focus on a bottom - weakening oscillation approach. It is recommended to try selling the pk601 - P - 7600 option strategy and conduct a high - price reverse spread for the 1 - 5 spread [5][6]. Summary According to Relevant Catalogs Chapter 1: Comprehensive Analysis and Trading Strategies - Option Strategy: Try selling the pk601 - P - 7600 option strategy [5]. - Trading Logic: The trading volume of peanuts has increased. The price of general - quality peanuts in Henan is stable, while in the Northeast it has slightly declined. The price of general - quality peanuts in Henan is around 4.2 yuan per jin. The price of imported peanuts is stable, with imported Sudan refined rice at 8600 yuan per ton and Senegalese oil - type peanuts at 7800 yuan per ton. The import volume has significantly decreased. The oil mill operating rate has increased, the spot price of peanut meal is stable, and the price of peanut oil is stable. However, the profit from oil mill crushing has decreased. Downstream consumption remains weak, the peanut inventory in oil mills has increased, and the peanut oil inventory continues to rise. The market expects the peanut production to be the same as last year, but due to the previous rainfall, the peanut quality has declined. Oil mills have not carried out large - scale purchases, the peanut spot is relatively weak, the 01 - contract peanut has oscillated and declined this week, and the 1 - 4 spread is weak [6]. - Strategy: The peanut market is in a weak and volatile state, with a bottom - weakening oscillation mindset [6]. - Spread Strategy: Conduct a high - price reverse spread for the 1 - 5 spread [6]. Chapter 2: Core Logic Analysis Peanut Price - Domestic Peanuts: The price of peanuts in Henan is stable, while in the Northeast it is weak. The price of large peanuts in Junan, Shandong is 4.1 yuan per jin, remaining stable compared to last week. The price of new - season peanuts in Zhengyang, Henan is 4.2 yuan per jin, also stable compared to last week. The price of Baisha peanuts in Changtu, Liaoning is 4.1 yuan per jin, a decrease of 0.05 yuan per jin compared to last week. The price of Baisha peanuts in Fuyu, Jilin is 4.1 yuan per jin, stable compared to last week. The trading volume of general - quality peanuts is average, and the overall price is weak [11]. - Oil Mill Peanuts: The purchase price of oil mills is stable, and most oil mills have stopped purchasing. The basic purchase price of oil mills is between 7800 - 7900 yuan per ton, remaining stable compared to last week [11]. - Imported Peanuts: The price of new - season Sudan peanuts is 8600 yuan per ton, and the price of Senegalese oil - type peanuts is 7800 yuan per ton, both stable compared to last week [11]. Domestic Demand - Oil Mill Operating Rate: The operating rate of oil mills has decreased. As of October 23, the operating rate of peanut oil mills this week is 7.86%, a decrease of 0.72% compared to the previous week [15]. - Oil Mill Inventory: The arrival volume of oil mills this week is 14,800 tons, an increase of 6200 tons compared to last week. The peanut inventory in oil mills is 35,000 tons, an increase of 3300 tons compared to last week. The peanut oil inventory is 39,000 tons, an increase of 1000 tons compared to last week [15]. Pressing Profit - Pressing Profit: The purchase price of peanut oil mills is stable, the price of peanut meal is stable, and the price of peanut oil is stable. As a result, the pressing profit of oil mills is 237 yuan per ton, a decrease of 13 yuan per ton compared to last week [19]. - Peanut Oil Price: The average price of first - grade peanut oil is 14,500 yuan per ton, remaining stable compared to last week. The price of small - pressed fragrant peanut oil is 16,500 yuan per ton, also stable compared to last week [19]. - Peanut Meal: Due to the strong spot price of soybean meal, the price difference between peanut meal and soybean meal is low, and the price of peanut meal is weak. This week, it is 3200 yuan per ton, remaining the same as last week [19]. Basis and Spread - Spread: This week, due to the downward oscillation of the 01 - contract peanut, the 1 - 4 spread of peanuts is weak, stabilizing around - 130 yuan [26]. - Futures - Spot Price Difference: It has declined [26]. Peanut Import - Peanut Kernel Import: In September, the import volume of peanut kernels was 34,000 tons. From January to September, the cumulative import volume was 164,000 tons, a decrease of 71% compared to the same period last year [30]. - Peanut Kernel Export: In September, the export volume of peanut kernels was 10,000 tons. From January to September, the cumulative export volume was 115,000 tons, an increase of 24% compared to the same period last year [30]. - Peanut Oil Import: In September, the import volume of peanut oil was 36,000 tons. From January to September, the cumulative import volume of peanut oil was 291,000 tons, an increase of 47% compared to the same period last year [30]. Chapter 3: Weekly Data Tracking - The document mainly presents various data charts, including the price trends of peanuts, the operating rate of oil mills, inventory data, pressing profit data, basis and spread data, and import and export data. Specific numerical data and trends are described in the above - mentioned core logic analysis section.