Report Industry Investment Rating - The investment strategy for the industry is neutral [4] Core View of the Report - The prices of the three major oils fluctuated yesterday. India is expected to further increase its palm oil imports in the second half of the year, and Malaysia's palm oil exports are expected to reach 17 million tons in 2025, providing some support for palm oil, resulting in a slightly stronger fluctuation in oil prices [3] Market Analysis Futures - Yesterday's closing price of the palm oil 2509 contract was 9,104 yuan/ton, a change of +110 yuan or +1.22% compared to the previous day; the closing price of the soybean oil 2509 contract was 8,166 yuan/ton, a change of +92 yuan or +1.14%; the closing price of the rapeseed oil 2509 contract was 9,492 yuan/ton, a change of +36 yuan or +0.38% [1] Spot - The spot price of palm oil in Guangdong was 9,040 yuan/ton, a change of -60 yuan or -0.66%, with a spot basis of P09 + -64 yuan, a change of -170 yuan; the spot price of grade one soybean oil in Tianjin was 8,240 yuan/ton, a change of +20 yuan/ton or +0.24%, with a spot basis of Y09 + 74 yuan, a change of -72 yuan; the spot price of grade four rapeseed oil in Jiangsu was 9,590 yuan/ton, a change of +30 yuan or +0.31%, with a spot basis of OI09 + 98 yuan, a change of -6 yuan [1] Recent Market Consultation Summary India's Palm Oil Imports - The president of the Indian Vegetable Oil Producers Association (IVPA) said that due to rising festival demand and falling prices, India's palm oil imports may increase in the second half of this year. In the 2024/25 fiscal year ending in October, total edible oil imports are expected to remain at 16 million tons, including about 9 million tons of palm oil, 4.5 million tons of soybean oil, and about 3.5 million tons of sunflower oil [2] Malaysia's Palm Oil Production and Exports - The Malaysian Palm Oil Board (MPOB) expects Malaysia's crude palm oil production to reach 19.5 million tons in 2025, up from 19.3 million tons last year, and palm oil exports to reach 17 million tons, up from 16.9 million tons last year [2] US Soybean and Soybean Oil Exports - In the 2024/25 fiscal year, US net soybean export sales were 160,900 tons, down 41% from the previous week and 59% from the average of the previous four weeks; in the 2025/26 fiscal year, net sales were 238,800 tons, and export shipments were 360,700 tons, up 31% from the previous week and 28% from the average of the previous four weeks. In the 2024/25 fiscal year, US net soybean oil export sales were -600 tons, down significantly from the previous week and the average of the previous four weeks; in the 2025/26 fiscal year, net export sales were 2,000 tons. US soybean oil export shipments were 3,500 tons, down 22% from the previous week and 33% from the average of the previous four weeks [2] US Drought Report - As of the week ending July 22, about 8% of US soybean planting areas were affected by drought, up from 7% the previous week and 4% the same period last year; about 9% of US corn planting areas were affected by drought, the same as the previous week and up from 4% the same period last year; about 3% of US cotton planting areas were affected by drought, the same as the previous week and down from 13% the same period last year [2] Figures - The report includes 30 figures related to the prices, production, sales, and inventory of palm oil, soybean oil, and rapeseed oil, with data sources from Steel Union Data and the Huatai Futures Research Institute [5]

2025 年 7 月 2 日 棕榈油：产地基本面改善有限，震荡磨底 豆油：美豆天气炒作不足，缺乏驱动 | | | 【基本面跟踪】 油脂基本面数据 | | 棕榈油主力 | 单 位 元/吨 | 收盘价 (日盘） 8,336 | 涨跌幅 0.07% | 收盘价 （夜盘） 8,336 | 涨跌幅 0.00% | | --- | --- | --- | --- | --- | --- | --- | | | 豆油主力 菜油主力 | 元/吨 元/吨 | 7,972 | -0.15% 0.66% | 7,950 | -0.28% 0.08% | | | | | 9,477 | | 9,485 | | | 期 货 | 马棕主力 | 林吉特/吨 | 3,970 | -0.43% | 3,990 | 0.55% | | | CBOT豆油主力 | 美分/磅 | 53.65 | 1.71% | | | | | | 单 位 | 昨日成交 | 成交变动 | 昨日持仓 | 持仓变动 | | | 棕榈油主力 | 手 | 479,503 | -84471 | 428,231 | -3,330 | | | 豆油主力 | 手 | 255,064 ...

期货热点追踪 国内油脂系期货低开，棕榈油期货领跌，机构分析表示，MPOB报告中性偏空，产地棕榈油供强需弱， 国内油脂供给宽松，油脂板块整体涨幅受限。 相关链接 ...

数据显示，5月23日全国进口四级菜油均价现货价格报价9613.75元/吨，相较于期货主力价格（9391.00 元/吨）升水222.75元/吨。 （5月23日）今日全国菜籽油价格一览表 5月23日，加拿大菜油(6月船期)1050美元/吨，与上个交易日相比持平；加拿大菜油(8月船期)1030美元/ 吨，与上个交易日相比持平。 加拿大谷物委员会发布的数据显示，截至5月18日当周，加拿大油菜籽出口量较前周增加37.38%至17.86 万吨，之前一周为13.0万吨。 | 规格 | 品牌/产地 | 报价 | 报价类型 | 交货地 | 交易商 | | --- | --- | --- | --- | --- | --- | | 等级:三级 ; | 福建厦门 | 9380元/吨 | 市场价 | 福建省/厦门市 | 福建厦门市场 | | 等级:三级 ; | 安徽六安 | 9600元/吨 | 市场价 | 安徽省/六安市 | 安徽六安市场 | | 等级:三级 ; | 广东东莞 | 9430元/吨 | 市场价 | 广东省/东莞市 | 广东东莞市场 | | 等级:三级 ; | 安徽合肥 | 9550元/吨 | 市场价 | 安徽省/合肥市 ...