油脂日报：印尼B50生柴计划存变数，油脂价格震荡走弱-20251030

Group 1: Report Industry Investment Rating - The investment rating for the industry is neutral [4] Group 2: Core Viewpoints of the Report - The B50 biodiesel plan in Indonesia is uncertain, causing the prices of edible oils to fluctuate and weaken [1] - The prices of the three major edible oils fluctuated and declined yesterday. The MPOA data showed that the palm oil production in Malaysia from October 1 - 20, 2025, increased by 10.77% month - on - month. The uncertainty of Indonesia's B50 biodiesel plan due to opposition from the mining association suppressed palm oil prices [3] Group 3: Summary of Market Analysis Futures Market - The closing price of the palm oil 2601 contract yesterday was 8,842.00 yuan/ton, a change of - 116 yuan or - 1.29% compared to the previous day. The closing price of the soybean oil 2601 contract was 8,132.00 yuan/ton, a change of - 50.00 yuan or - 0.61%. The closing price of the rapeseed oil 2601 contract was 9,525.00 yuan/ton, a change of - 205.00 yuan or - 2.11% [1] Spot Market - In the Guangdong region, the spot price of palm oil was 8,690.00 yuan/ton, a change of - 170.00 yuan or - 1.92%, with a spot basis of P01 + - 152.00, a change of - 54.00 yuan. In the Tianjin region, the spot price of first - grade soybean oil was 8,280.00 yuan/ton, a change of - 80.00 yuan/ton or - 0.96%, with a spot basis of Y01 + 148.00, a change of - 30.00 yuan. In the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9,900.00 yuan/ton, a change of - 170.00 yuan or - 1.69%, with a spot basis of OI01 + 375.00, a change of + 35.00 yuan [1] Group 4: Summary of Recent Market Information Argentina's Soybean Sales - As of the week ending October 22, Argentine farmers sold 1.115 million tons of 2024/25 - season soybeans, bringing the cumulative sales to 22.3379 million tons. Local oil mills purchased 665,700 tons, and the export industry purchased 449,300 tons. They also sold 38,100 tons of 2025/26 - season soybeans, bringing the cumulative sales to 214,500 tons. Local oil mills purchased 34,500 tons, and the export industry purchased 3,600 tons. The total soybean sales for the week were 1.1927 million tons, bringing the cumulative sales to 63.1325 million tons. As of October 22, the cumulative export sales registration of 2024/25 - season soybeans was 4.818 million tons, and that of 2025/26 - season soybeans was 0 tons [2] China's Soybean Purchase from the US - On October 29, the Foreign Ministry spokesman said that China made its first purchase of soybeans from the US this harvest season, after zero imports from the US in September. The spokesman referred specific questions to the relevant Chinese authorities [2] International Commodity Prices - The C&F price of Canadian rapeseed (November shipment) was $516/ton, up $7/ton from the previous trading day; the C&F price of Canadian rapeseed (January shipment) was $527/ton, up $7/ton. The C&F price of Argentine soybean oil (November shipment) was $1,163/ton, up $7/ton; the C&F price of Argentine soybean oil (January shipment) was $1,159/ton, up $9/ton. The C&F price of Canadian rapeseed oil (November shipment) was $1,140/ton, unchanged; the C&F price of Canadian rapeseed oil (January shipment) was $1,120/ton, unchanged. The C&F price of US Gulf soybeans (December shipment) was $489/ton, up $3/ton; the C&F price of US West Coast soybeans (December shipment) was $480/ton, up $5/ton; the C&F price of Brazilian soybeans (December shipment) was $489/ton, up $1/ton. The import soybean premium for the Mexican Gulf (December shipment) was 240 cents/bushel, unchanged; the import soybean premium for the US West Coast (December shipment) was 215 cents/bushel, up 5 cents/bushel; the import soybean premium for Brazilian ports (December shipment) was 240 cents/bushel, down 6 cents/bushel [2]