市场快讯：印尼推行B50正式实施，棕榈油强豆弱

Report Industry Investment Rating - No information provided Core Viewpoints - Due to the short - term difficulty in easing Middle - East conflicts, international oil prices will remain high in the long term. The implementation of Indonesia's B50 plan further tightens palm oil supply, providing long - term support for both domestic and international palm oil markets. Hold long positions in palm oil and suggest narrowing the soybean spread [4] Summary by Related Catalogs Indonesia's B50 Plan - On March 30, the Indonesian President announced that the mixing ratio of palm oil and diesel would be increased from 40% to 50%, causing the main contract of Malaysian palm oil to rise by 3.2%, and the main contract of Dalian Commodity Exchange to close with certain changes [7] - As the world's largest palm oil producer and exporter, Indonesia has long relied on imported diesel. Since 2023, the government has continuously increased the biodiesel blending ratio from B35 to B40 and aims for B50 to enhance energy security, save foreign exchange, and digest excess palm oil inventory [7] - By 2026, about 5.3 million tons of crude palm oil (CPO) will be needed for B50 production, and the total demand for palm - based biofuels will reach about 18 - 20.1 billion liters [7] Situation of US Soybean Oil - The positive factors for US soybean oil are exhausted. After the bio - diesel plan was implemented, the price of US soybean oil rose from 48 - 70 cents, a 30% increase. Capital has been laying out long positions for more than four months, with an obvious demand for profit - taking [7]