银河期货花生日报-20260113

1. Report Industry Investment Rating - No information provided in the given content 2. Core Viewpoints of the Report - The short - term peanut spot prices are relatively stable, with the prices in Henan being stable and those in Northeast China being weak. The futures will continue to fluctuate weakly. The spot prices of peanut oil and peanut meal are stable, and the theoretical profit of oil mills is good. It is recommended to buy 05 peanuts at low prices in the short - term, wait and see for the month - spread, and sell pk603 - P - 8200 at high prices for options [3][5][7][8][9][10] 3. Summary by Relevant Catalogs First Part: Data Futures Disk - PK604 closed at 7852, down 8 (-0.10%), with a trading volume of 20,312 (down 35.37%) and an open interest of 34,637 (down 0.94%) [1] - PK610 closed at 8246, down 16 (-0.19%), with a trading volume of 513 (up 155.22%) and an open interest of 2,639 (up 7.32%) [1] - PK601 had no valid closing price and trading volume data, with an open interest of 1,012 (down 3.80%) [1] Spot and Basis - Spot prices: Henan Nanyang was 7400, Shandong Jining and Linyi were 8400, Rizhao peanut meal was 3200, Rizhao soybean meal was 3110, peanut oil was 14350, and Rizhao first - grade soybean oil was 8420. The price of Rizhao soybean meal decreased by 10, and that of Rizhao first - grade soybean oil increased by 100, while others remained unchanged [1] - Basis: The basis of Henan Nanyang was - 452, and that of Shandong Jining and Linyi was 548. The difference between soybean meal and peanut meal was - 6, and the difference between peanut oil and soybean oil was 5930 [1] Second Part: Market Analysis - Peanut prices: In Northeast China, the price of 308 general peanuts in Fuyu, Jilin was 4.6 yuan/jin (stable), and that in Changtu, Liaoning was 4.55 yuan/jin (down 0.05 yuan/jin). In Henan, the price of Baisha general peanuts was 3.6 - 3.8 yuan/jin (stable), and in Junan, Shandong it was 3.5 yuan/jin (stable). Imported peanut prices were stable, with Sudan refined rice at 8600 yuan/ton, Brazilian new rice at 9200 yuan/ton, and Indian specification rice 50/60 at 8000 yuan/ton [3] - Peanut oil prices: The purchase price of some peanut oil mills was stable, with the mainstream transaction price at 6900 - 7900 yuan/ton and the theoretical break - even price of oil mills at 7780 yuan/ton. The price of domestic first - grade ordinary peanut oil was stable at 14300 yuan/ton, and the market price of small - pressed fragrant peanut oil was stable at 16500 yuan/ton [3] - By - product prices: The spot price of Rizhao soybean meal dropped to 3110 yuan/ton (down 10 yuan/ton). The price difference per unit protein between peanut meal and soybean meal was low, and peanut meal was relatively strong in the short - term, with the 48 - protein peanut meal priced at 3100 yuan/ton [5] Third Part: Trading Strategies - Unilateral: The 05 peanut contract will fluctuate at the bottom, and short - term long positions can be taken at low prices [8] - Month - spread: Wait and see [9] - Options: Sell pk603 - P - 8200 at high prices [10] Fourth Part: Relevant Attachments - The report provides six figures, including the spot price of Shandong peanuts, the profit of peanut oil mills, the price of peanut oil, the basis between peanut spot and continuous contract, the price difference between peanut 4 - 10 contracts, and the price difference between peanut 1 - 4 contracts [12][19][21]