油脂日报：国际油脂支撑，内盘跟随偏强震荡-20260225

Group 1: Report Industry Investment Rating - The investment rating is neutral [4] Group 2: Core View of the Report - The prices of the three major domestic oils are oscillating. During the Spring Festival, the strengthening of crude oil boosted international vegetable oil prices, and the rise in CBOT oil prices led to a short - term oscillating and strengthening trend in domestic oil prices [3] Group 3: Market Analysis Futures - The closing price of the palm oil 2605 contract was 8,824.00 yuan/ton, with a month - on - month change of +126 yuan and a change rate of +1.45% - The closing price of the soybean oil 2605 contract was 8,140.00 yuan/ton, with a month - on - month change of +86.00 yuan and a change rate of +1.07% - The closing price of the rapeseed oil 2605 contract was 9,200.00 yuan/ton, with a month - on - month change of +162.00 yuan and a change rate of +1.79% [1] Spot - The spot price of palm oil in Guangdong was 8,810.00 yuan/ton, with a month - on - month change of +150.00 yuan and a change rate of +1.73%. The spot basis was P05 - 14.00, with a month - on - month change of +24.00 yuan - The spot price of first - grade soybean oil in Tianjin was 8,460.00 yuan/ton, with a month - on - month change of +140.00 yuan/ton and a change rate of +1.68%. The spot basis was Y05 + 320.00, with a month - on - month change of +54.00 yuan - The spot price of fourth - grade rapeseed oil in Jiangsu was 9,950.00 yuan/ton, with a month - on - month change of +160.00 yuan and a change rate of +1.63%. The spot basis was OI05 + 750.00, with a month - on - month change of - 2.00 yuan [1] Market Consultation - Canadian rapeseed (March shipment): C&F price was 564 dollars/ton, up 4 dollars/ton from the previous trading day; Canadian rapeseed (May shipment): C&F price was 572 dollars/ton, up 3 dollars/ton from the previous trading day - Argentine soybean oil (April shipment): C&F price was 1,202 dollars/ton, up 9 dollars/ton from the previous trading day; Argentine soybean oil (June shipment): C&F price was 1,171 dollars/ton, up 7 dollars/ton from the previous trading day - Imported rapeseed oil C&F quotes: Canadian rapeseed oil (February shipment) was 1,080 dollars/ton, unchanged from the previous trading day; Canadian rapeseed oil (April shipment) was 1,060 dollars/ton, unchanged from the previous trading day - US Gulf soybeans (April shipment): C&F price was 508 dollars/ton, down 1 dollar/ton from the previous trading day; US West soybeans (April shipment): C&F price was 502 dollars/ton, down 1 dollar/ton from the previous trading day; Brazilian soybeans (April shipment): C&F price was 463 dollars/ton, unchanged from the previous trading day - Imported soybean premium quotes: Mexican Gulf (April shipment) was 231 cents/bushel, down 2 cents/bushel from the previous trading day; US West Coast (April shipment) was 215 cents/bushel, down 2 cents/bushel from the previous trading day; Brazilian ports (April shipment) was 112 cents/bushel, up 2 cents/bushel from the previous trading day [2] Group 4: Figures - There are 30 figures in the report, covering various aspects such as the average price, closing price, basis, spread, profit, output, volume, and inventory of palm oil, soybean oil, and rapeseed oil [5]