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棕榈油月报:增产周期格局下,棕榈油或震荡偏弱-20250509
Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The US tariff policy has raised concerns about a global economic recession, leading to a significant drop in oil prices and dragging down the oil and fat market. However, the US biodiesel policy has boosted market sentiment, with US soybean oil rising sharply and providing some support to the oil and fat sector. Meanwhile, Canadian canola has been relatively strong in April due to good crushing demand and low inventory. Palm oil in the producing regions has entered an increasing production cycle, with a significant increase in production in April and a tendency for the increase to expand in May. As prices fall, demand countries like India and China have increased their purchases, but the implementation of Indonesia's biodiesel policy has fallen short of expectations, and domestic and international inventories are expected to increase during the current production cycle [3][44][45]. - In terms of importing countries, India's palm oil imports in March were 430,000 tons, below the average level, and the market expects April imports to be below normal, remaining below the average for five consecutive months. China's cumulative imports in the first three months of 2025 were 390,000 tons, far lower than the same period in previous years. With the sharp decline in producer quotes, import profits have improved, and recent purchases in China have increased. According to institutional statistics, the purchases for May shipments are relatively sufficient, and the inflection point of domestic inventory is expected to occur in June [3][44]. - Macroeconomically, the Fed has once again paused interest rate cuts, in line with market expectations. The UK-US tariff agreement has been reached to some extent, but the market anticipates limited substantial progress. After a recent rebound, the US stock market still faces pressure, and the US dollar index continues to fluctuate at a low level. Facing economic uncertainties and expectations of increased supply, the weak pattern of oil prices remains unchanged. Fundamentally, after entering the production increase season, production from May to October will show a seasonal recovery. After the decline in palm oil prices, import profits have improved, and demand countries have increased their purchases. However, considering the increased supply of soybeans in China, the substitution demand for soybean oil remains, which may suppress the export demand of producers. Domestic and international inventories are expected to start a seasonal recovery in May - June. Coupled with the under - performance of Indonesia's biodiesel policy implementation, palm oil may fluctuate weakly [3][45]. Summary According to Relevant Catalogs 1. Review of the Oil and Fat Market - Since April, the overall oil and fat sector has been fluctuating weakly. Palm oil has been the weakest due to the arrival of the production increase season and poor export demand. In the domestic market, at the end of April, the palm oil 09 contract fell 522 to 8,148 yuan/ton, a decline of 6.14%; the soybean oil 09 contract fell 122 to 7,832 yuan/ton, a decline of 1.53%; the rapeseed oil 09 contract fell 142 to 9,297 yuan/ton, a decline of 1.5%. In the overseas market, the BMD Malaysian palm oil main contract fell 401 to 3,910 ringgit/ton, a decline of 9.3%; the CBOT US soybean oil main contract rose 3.59 to 48.97 cents/pound, an increase of 7.91%; the ICE canola active contract rose 82.5 to 693.6 Canadian dollars/ton, an increase of 13.5%. In the spot market, palm oil (24 - degree) in Guangzhou, Guangdong fell 910 to 8,750 yuan/ton, a decline of 9.42%; first - grade soybean oil in Rizhao, Shandong fell 190 to 8,070 yuan/ton, a decline of 2.3%; imported third - grade rapeseed oil in Zhangjiagang, Jiangsu rose 40 to 9,390 yuan/ton, an increase of 0.43% [8]. - In early April, palm oil first soared and then fell sharply. The soaring was mainly due to the US biodiesel policy boosting the demand for US soybean oil, which drove the overall oil and fat market up. However, as the palm oil producing regions entered the production increase season, supply gradually increased, and the US tariff policy raised concerns about the global economic outlook. The sharp decline in crude oil prices drove the oil and fat market down, causing palm oil to fall rapidly. From mid - to late April, palm oil entered a wide - range oscillation. After the sharp price decline, the buying interest of demand countries like India and China increased, and the increased bargain - hunting purchases supported the market, while the production increase cycle suppressed it. After the May Day holiday, the domestic market made significant adjustments. With production increasing more than expected and export demand not as optimistic as expected, coupled with the continuous suspension of Indonesia's B40 biodiesel policy, palm oil oscillated weakly [9]. 2. Fundamental Analysis 2.1 MPOB Report - The monthly data released by the Malaysian Palm Oil Board (MPOB) shows that Malaysia's palm oil production in March was 1.3872 million tons, a month - on - month increase of 16.76%; exports were 1.0055 million tons, a month - on - month increase of 0.91%; imports were 121,900 tons, a month - on - month increase of 82.51%; and the ending inventory was 1.5626 million tons, a month - on - month increase of 3.52%, in line with expectations, and the overall report was neutral [19]. 2.2 Malaysian Palm Oil Production and Exports - According to the data of the Malaysian Palm Oil Processors Association (SPPOMA), from April 1 - 30, 2025, the yield per unit area of fresh fruit bunches in Malaysia increased by 14.50%, the oil extraction rate increased by 0.48%, and palm oil production increased by 17.03%. According to the data released by the Malaysian Palm Oil Association (MPOA), Malaysia's palm oil production from April 1 - 30, 2025, increased by 24.62% to 1.73 million tons compared with the same period last month. Among them, the production in Peninsular Malaysia increased by 28.06%, the production in East Malaysia increased by 20.76%, the production in Sabah increased by 24.07%, and the production in Sarawak increased by 11.37%. According to the latest data of SPPOMA, from May 1 - 5, 2025, the yield per unit area of fresh fruit bunches in Malaysia increased by 61.58%, the oil extraction rate increased by 0.59%, and palm oil production increased by 60.17% [27]. - According to the data of shipping survey agency SGS, Malaysia's palm oil product exports in April were 825,309 tons, a month - on - month decrease of 1,874 tons, a decrease of 0.23%. According to the data of shipping survey agency ITS, Malaysia's palm oil product exports in April were 1,120,747 tons, an increase of 54,270 tons compared with the previous month, an increase of 5.09%. According to the data released by independent inspection company AmSpec Agri, Malaysia's palm oil exports in April were 1,087,133 tons, an increase of 37,879 tons compared with the previous month, an increase of 3.61% [28]. 2.3 Indonesia Situation - According to the data released by the Indonesian Palm Oil Association (GAPKI), Indonesia's palm oil production in February 2025 was 3.79 million tons, 3.828 million tons in January, 4.25 million tons in February 2024, and the five - year average was 3.87 million tons. The total production from January - February 2025 was 7.62 million tons, compared with 8.89 million tons in the same period last year. In terms of exports, Indonesia's palm oil exports in February 2025 were 2.8 million tons, 1.96 million tons in January, 2.17 million tons in February 2024, and the five - year average was 2.34 million tons. The total exports from January - February 2025 were 4.76 million tons, compared with 4.98 million tons in the same period last year. In terms of inventory, Indonesia's palm oil inventory in February 2025 was 2.25 million tons, 2.94 million tons in January, and 3.26 million tons in February 2024 [31]. 2.4 Indian Vegetable Oil Imports - According to the data released by the Solvent Extractors' Association of India (SEA), India's vegetable oil imports in March 2025 were 970,000 tons, an increase of 9.48% compared with 886,000 tons in February. In March 2024, imports were 1.15 million tons, and the five - year average was 1.05 million tons. From November 2024 to March 2025, the total vegetable oil imports were 5.64 million tons, compared with 5.77 million tons in the same period last year [33]. - For different oils, India's palm oil imports in March 2025 were 425,000 tons, an increase of 13.64% compared with 374,000 tons in February. In March 2024, imports were 485,000 tons, and the five - year average was 520,000 tons. From November 2024 to March 2025, India's palm oil imports were 2.42 million tons, compared with 3.53 million tons in the same period last year. India's soybean oil imports in March 2025 were 355,000 tons, an increase of 25% compared with 284,000 tons in February. In March 2024, soybean oil imports were 219,000 tons, and the five - year average was 270,000 tons. From November 2024 to March 2025, India's soybean oil imports were 1.91 million tons, compared with 880,000 tons in the same period last year, showing a significant increase. India's sunflower oil imports in March 2025 were 191,000 tons, a decrease of 16.23% compared with 228,000 tons in February. In March 2024, sunflower oil imports were 446,000 tons, and the five - year average was 250,000 tons. From November 2024 to March 2025, India's sunflower oil imports were 1.31 million tons, compared with 1.35 million tons in the same period last year [34]. 2.5 China's Oil Imports - Data from the General Administration of Customs of China shows that China's palm oil imports in March 2025 were 170,000 tons, 100,000 tons in February, 160,000 tons in March 2024, and the five - year average was 224,000 tons. The cumulative palm oil imports from January - March 2025 were 390,000 tons, compared with 550,000 tons in the same period last year. China's rapeseed oil imports in March 2025 were 344,000 tons, 236,000 tons in February, 195,000 tons in March 2024, and the five - year average was 161,000 tons. The cumulative rapeseed oil imports from January - March 2025 were 732,000 tons, compared with 520,000 tons in the same period last year. China's sunflower oil imports in March 2025 were 39,000 tons, 42,000 tons in February, 126,000 tons in March 2024, and the five - year average was 111,000 tons. In 2025, sunflower oil imports were 131,000 tons, compared with 412,000 tons in the same period last year. In total, the imports of the above three major oils in March 2025 were 553,000 tons, 378,000 tons in February, 481,000 tons in March 2024, and the five - year average was 496,000 tons. The cumulative imports of the three major oils from January - March 2024 were 1.253 million tons, compared with 1.483 million tons in the same period last year [36]. 2.6 Domestic Oil Inventory - According to data from My Agri, as of the week ending May 2, 2025, the inventory of the three major oils in key regions across the country was 1.7788 million tons, an increase of 16,900 tons from the previous week and an increase of 99,800 tons compared with the same period last year. Among them, the soybean oil inventory was 626,800 tons, an increase of 8,300 tons from the previous week and a decrease of 231,400 tons compared with the same period last year; the palm oil inventory was 356,100 tons, a decrease of 11,900 tons from the previous week and a decrease of 103,400 tons compared with the same period last year; the rapeseed oil inventory was 795,900 tons, an increase of 20,500 tons from the previous week and an increase of 434,500 tons compared with the same period last year [41]. 3. Summary and Future Outlook - The US tariff policy has raised concerns about a global economic recession, leading to a significant drop in oil prices and dragging down the oil and fat market. The US biodiesel policy has boosted market sentiment, with US soybean oil rising sharply and providing some support to the oil and fat sector. Palm oil in the producing regions has entered an increasing production cycle, with a significant increase in production in April and a tendency for the increase to expand in May. As prices fall, demand countries like India and China have increased their purchases, but the implementation of Indonesia's biodiesel policy has fallen short of expectations, and domestic and international inventories are expected to increase during the current production cycle [44]. - In terms of importing countries, India's palm oil imports in March were 430,000 tons, below the average level, and the market expects April imports to be below normal, remaining below the average for five consecutive months. China's cumulative imports in the first three months of 2025 were 390,000 tons, far lower than the same period in previous years. With the sharp decline in producer quotes, import profits have improved, and recent purchases in China have increased. According to institutional statistics, the purchases for May shipments are relatively sufficient, and the inflection point of domestic inventory is expected to occur in June [44]. - Macroeconomically, the Fed has once again paused interest rate cuts, in line with market expectations. The UK - US tariff agreement has been reached to some extent, but the market anticipates limited substantial progress. After a recent rebound, the US stock market still faces pressure, and the US dollar index continues to fluctuate at a low level. Facing economic uncertainties and expectations of increased supply, the weak pattern of oil prices remains unchanged. Fundamentally, after entering the production increase season, production from May to October will show a seasonal recovery. After the decline in palm oil prices, import profits have improved, and demand countries have increased their purchases. However, considering the increased supply of soybeans in China, the substitution demand for soybean oil remains, which may suppress the export demand of producers. Domestic and international inventories are expected to start a seasonal recovery in May - June. Coupled with the under - performance of Indonesia's biodiesel policy implementation, palm oil may fluctuate weakly [45].
油脂日报:美豆油价格走强,国内油脂震荡-20250509
Hua Tai Qi Huo· 2025-05-09 05:55
油脂日报 | 2025-05-09 昨日三大油脂价格震荡,外盘棕榈油、豆油价格走强,对内盘形成一定支撑,但整体基本面依然利多支撑不足, 价格难有大幅起色。 策略 谨慎看空 风险 政策变化 美豆油价格走强,国内油脂震荡 油脂观点 市场分析 期货方面,昨日收盘棕榈油2509合约7908.00元/吨,环比变化-6元,幅度-0.08%;昨日收盘豆油2509合约7760.00元 /吨,环比变化-26.00元,幅度-0.33%;昨日收盘菜油2509合约9372.00元/吨,环比变化+37.00元,幅度+0.40%。现 货方面,广东地区棕榈油现货价8490.00元/吨,环比变化-40.00元,幅度-0.47%,现货基差P09+582.00,环比变化-34.00 元;天津地区一级豆油现货价格8110.00元/吨,环比变化-10.00元/吨,幅度-0.12%,现货基差Y09+350.00,环比变 化+16.00元;江苏地区四级菜油现货价格9520.00元/吨,环比变化+30.00元,幅度+0.32%,现货基差OI09+148.00, 环比变化-7.00元。 近期市场咨询汇总:USDA最新干旱报告显示,截至5月6日当周,约15% ...
【MPOB 4月月报前瞻】随着行业逐渐接近生产旺季,预计今年下半年将带来显著的产量增长,马来西亚4月棕榈油库存预计上升,且为连续第二个月增加。
news flash· 2025-05-08 05:44
Group 1 - The core viewpoint indicates that Malaysia's palm oil inventory is expected to rise in April, marking the second consecutive month of increase as the industry approaches its production peak season [1][2]. - The forecast for April includes an expected import volume of 162 thousand tons, which represents a 16.9% increase compared to previous data [2]. - The anticipated export volume is projected at 110 thousand tons, reflecting a 9.7% increase [2]. - Domestic consumption is expected to reach 179 thousand tons, showing a 14.8% increase [2]. - The ending inventory for April is forecasted to be higher than the previous month, indicating a trend of increasing stock levels in the palm oil market [1][2]. Group 2 - The April data for 2024 shows an import volume of 150.19 thousand tons, with a domestic consumption of 123.42 thousand tons and an ending inventory of 174.45 thousand tons [2]. - The March data for 2025 indicates an import volume of 138.72 thousand tons and an ending inventory of 156.26 thousand tons [2].
油脂日报:利空因素叠加,油脂易跌难涨-20250508
Hua Tai Qi Huo· 2025-05-08 02:46
Group 1: Report Industry Investment Rating - The investment rating for the oil and fat industry is cautiously bearish [4] Group 2: Core View of the Report - Due to the superposition of negative factors, the prices of oils and fats are more likely to fall than to rise. The supply of oils and fats is gradually recovering, while the demand remains weak, and the low - running crude oil prices also put significant pressure on the prices of oils and fats [1][3] Group 3: Market Analysis Futures Prices - The closing price of the palm oil 2509 contract was 7,914.00 yuan/ton, with a环比 change of - 60 yuan and a decline of - 0.75%. The closing price of the soybean oil 2509 contract was 7,786.00 yuan/ton, with a环比 change of + 26.00 yuan and an increase of + 0.34%. The closing price of the rapeseed oil 2509 contract was 9,335.00 yuan/ton, with a环比 change of + 119.00 yuan and an increase of + 1.29% [1] Spot Prices - In the Guangdong region, the spot price of palm oil was 8,530.00 yuan/ton, with a环比 change of - 120.00 yuan and a decline of - 1.39%. The spot basis was P09 + 616.00, with a环比 change of - 60.00 yuan. In the Tianjin region, the spot price of first - grade soybean oil was 8,120.00 yuan/ton, with a环比 change of + 10.00 yuan/ton and an increase of + 0.12%. The spot basis was Y09 + 334.00, with a环比 change of - 16.00 yuan. In the Jiangsu region, the spot price of fourth - grade rapeseed oil was 9,490.00 yuan/ton, with a环比 change of + 120.00 yuan and an increase of + 1.28%. The spot basis was OI09 + 155.00, with a环比 change of + 1.00 yuan [1] Recent Market News - The July contract of BMD Malaysian palm oil futures closed down 65 ringgit, a decline of 1.71%, at 3,727 ringgit/ton (about 880.05 US dollars/ton). The C&F price of Argentine soybean oil (May shipment) was 1,028 US dollars/ton, down 52 US dollars/ton from the previous trading day; the C&F price of Argentine soybean oil (July shipment) was 1,008 US dollars/ton, down 47 US dollars/ton from the previous trading day. The C&F quotation of imported rapeseed oil: Canadian rapeseed oil (May shipment) was 1,010 US dollars/ton, unchanged from the previous trading day; Canadian rapeseed oil (July shipment) was 990 US dollars/ton, unchanged from the previous trading day. The C&F price of Canadian rapeseed (June shipment) was 590 US dollars/ton, up 4 US dollars/ton from the previous trading day; the C&F price of Canadian rapeseed (July shipment) was 580 US dollars/ton, up 4 US dollars/ton from the previous trading day. The C&F price of US Gulf soybeans (June shipment) was 453 US dollars/ton, down 2 US dollars/ton from the previous trading day; the C&F price of US West soybeans (June shipment) was 451 US dollars/ton, down 3 US dollars/ton from the previous trading day; the C&F price of Brazilian soybeans (June shipment) was 431 US dollars/ton, down 6 US dollars/ton from the previous trading day. The import soybean premium quotes: the Mexican Gulf (June shipment) was 198 cents/bu, unchanged from the previous trading day; the US West Coast (June shipment) was 175 cents/bu, unchanged from the previous trading day; the Brazilian port (June shipment) was 135 cents/bu, down 10 cents/bu from the previous trading day [2]
饲料养殖产业日报-20250430
Chang Jiang Qi Huo· 2025-04-30 02:15
Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - The overall supply - demand situation in the feed and breeding industry is complex, with different products facing various challenges and opportunities. In the short - term, most products show a trend of volatile fluctuations, while in the long - term, the supply and price trends of different products are affected by factors such as production capacity, consumption, and policy [1][2][4]. 3. Summary by Product Pig - **Spot Price**: On April 30, the spot price in Liaoning was 14.3 - 14.9 yuan/kg, in Henan 14.6 - 15.2 yuan/kg, in Sichuan 14.2 - 14.5 yuan/kg, and in Guangdong 15.2 - 16 yuan/kg, all stable compared to the previous day [1]. - **Supply and Demand**: In the short - term, the reduction of supply by large - scale enterprises at the end of the month and the resistance of small farmers support the price, but the increase in supply from secondary fattening and the weak demand limit the price increase. In the long - term, the supply from April to September 2024 will increase, and the supply pressure in the fourth quarter is still large [1]. - **Strategy**: The overall pig price is under pressure, but the decline is limited. Short - term short positions can be gradually stopped for profit, and short positions can be opened on rebounds. Sell out - of - the - money call options on contracts 07 and 09 and take profit partially [1]. Egg - **Spot Price**: On April 30, the price in Shandong Dezhou was 3.1 yuan/jin, and in Beijing 3.39 yuan/jin, both stable compared to the previous day [2]. - **Supply and Demand**: In the short - term, the high price restricts the price increase, but the holiday demand and low inventory support the price. After the holiday, the price may be under pressure. In the long - term, the supply will continue to increase, but the impact of old chicken culling needs to be noted [2]. - **Strategy**: For contract 06, hold a light position during the May Day holiday. Contracts 08 and 09 are considered bearish in the long - term, and pay attention to feed and culling factors [2]. Oil - **Futures Price**: On April 29, the US soybean oil主力 contract 07 fell 2.26% to 49.32 cents/pound, and the Malaysian palm oil主力 contract 07 fell 0.53% to 3940 ringgit/ton [4]. - **Supply and Demand**: For palm oil, the export increased in April, but the production also increased, and the inventory is expected to rise. In China, the supply and demand are both weak in April, but the supply will increase in May. For soybean oil, the South American supply is large in the second quarter, and the domestic supply will increase in the future. For rapeseed oil, the supply in Canada is tight, and the domestic inventory will gradually decrease [4][5][6]. - **Strategy**: Temporarily wait and see for contracts 09 of soybean, palm, and rapeseed oil, and pay attention to the pressure levels [7]. Soybean Meal - **Futures Price**: On April 29, the US soybean 07 contract closed at 1052.5 cents/bushel, and the domestic M2509 contract closed at 2964 yuan/ton [7]. - **Supply and Demand**: In the short - term, the supply will increase with the arrival of soybeans and the increase in oil mill operation rate, and the price will decline. In the long - term, the cost increase and weather factors will drive the price up [7]. - **Strategy**: Short - term: short on rebounds for contract 09. Long - term: long on dips, and pay attention to the support level. Do long - short spreads for the 9 - 1 spread [7]. Corn - **Spot Price**: On April 29, the purchase price at Jinzhou Port was 2250 yuan/ton, up 20 yuan/ton, and the purchase price at Shandong Weifang Xingmao was 2406 yuan/ton, up 20 yuan/ton [7]. - **Supply and Demand**: In the short - term, the supply - demand game intensifies, but the market is optimistic about the future. In the long - term, the production reduction and decrease in imports drive the price up, but the substitutes limit the upside [7]. - **Strategy**: Be bullish in general, wait for dips to go long, and pay attention to the support and pressure levels [7]. 4. Today's Futures Market Overview - The prices of most futures products showed fluctuations. For example, the CBOT soybean active contract fell 8.75 cents/bushel, the soybean meal主力 contract fell 21 yuan/ton, and the CBOT corn active contract fell 12 cents/bushel [8].
油脂板块震荡收涨,棕榈油或震荡偏强
油脂板块震荡收涨 棕榈油或震荡偏强 核心观点及策略 ⚫ 上周,BMD马棕油主连涨61收于4036林吉特/吨,涨幅 1.53%;棕榈油09合约涨244收于8376元/吨,涨幅3%;豆 油09合约涨230收于7934元/吨,涨幅2.99%;菜油09合约 涨285收于9506元/吨,涨幅3.09%;CBOT美豆油主连涨1.38 收于49.7美分/磅,涨幅2.86%;ICE油菜籽活跃合约涨21.4 收于697.4加元/吨,涨幅3.17%。 投资咨询业务资格 沪证监许可【2015】84 号 棕榈油周报 李婷 021-68555105 li.t@jyqh.com.cn 从业资格号:F0297587 投资咨询号:Z0011509 黄蕾 huang.lei@jyqh.com.cn 从业资格号:F0307990 投资咨询号:Z0011692 高慧 gao.h@jyqh.com.cn 从业资格号:F03099478 投资咨询号:Z0017785 王工建 wang.gj@jyqh.com.cn 从业资格号:F3084165 投资咨询号:Z0016301 赵凯熙 zhao.kx@jyqh.com.cn 从业资格号:F03112296 ...
油脂数据周报:基本面缺乏亮点,油脂震荡运行-20250425
Mai Ke Qi Huo· 2025-04-25 15:21
Report Industry Investment Rating - Not provided in the content Core Viewpoints - The short - term market will fluctuate and adjust. Policy changes are frequent, and risks should be controlled. The reference price ranges for the main contracts are 7500 - 7800 for soybean oil, 7900 - 8200 for palm oil, and 9100 - 9400 for rapeseed oil [40] Summary by Related Catalogs Palm Oil - **Production and Inventory**: High - frequency data shows a 4% increase in Malaysian palm oil production in the first 15 days of April. With more rainfall in the next 1 - 2 weeks in southern Malaysia, April production is expected to reach the 5 - year average. In March, production was 1.39 million tons, up 16.76% month - on - month, and the end - of - March inventory was 1.56 million tons, up 3.52% month - on - month, still at a relatively low level [6][9] - **Export**: According to SGS, Malaysia's palm oil exports from April 1 - 15 increased 7.05% month - on - month. India's import profit has improved, and it may increase palm oil purchases, which eases the short - term inventory build - up pressure [11][15] - **Domestic Situation**: As of the end of the 15th week of 2025, domestic palm oil commercial inventory was 348,000 tons, down 9,000 tons from the previous week. Spot prices weakened, with a weekly decline of 170 - 270 yuan, and the basis also decreased slightly [19][23] Soybean Oil - **International Market**: CBOT soybeans and Brazilian soybean premiums show an inverse relationship. Brazilian farmers' active sales and the new soybean harvest in Argentina suppress the increase in premiums, limiting the performance of domestic soybean - related products [28] - **Domestic Situation**: As of the end of the 15th week of 2025, domestic soybean oil port inventory was about 687,000 tons, down 54,000 tons from the previous week. The factory operating rate recovered to nearly 40% but was still low. This week's factory soybean oil sales volume was 278,700 tons, an increase of 62,500 tons week - on - week [31][33] Rapeseed Oil - **Inventory and Sales**: As of the end of the 15th week of 2025, domestic rapeseed oil inventory in East China was 645,000 tons, and coastal inventory was 127,000 tons, basically unchanged from the previous week. Terminal demand was weak, and inventory increased slightly. This week's average transaction price was 9,349 yuan, down 49 yuan from last week [38]
油脂:消息面题材匮乏,油脂窄幅震荡
Jin Shi Qi Huo· 2025-04-24 14:48
3、据外媒报道,布宜诺斯艾利斯谷物交易所周三表示,未来七天,阿根廷主要农业区 将普遍干燥。干燥条件预计将加快 2024/25 年度的大豆收获。此前大豆收获受阻,因许多田 地土壤水分过剩。 表 1:油脂期货日度数据监测 | | | 油 脂 | 国 | | 日 数 据 追 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 截至 | 单位 | 令日 | 昨日 | 涨跌 | 涨跌幅 | | 期货 | DCE豆油主力 | 4月24日 | 元/吨 | 7846.00 | 7838.00 | 8.00 | 0.10% | | | DCE棕榈油主力 | 4月24日 | 元/吨 | 8230.00 | 8218.00 | 12.00 | 0.15% | | | CZCE菜籽油主力 | 4月24日 | 元/吨 | 9390.00 | 9396.00 | -6.00 | -0.06% | | | CBOT大豆主力 | 4月23日 | 美分/蒲式耳 | 1051.50 | 1046.25 | 5.25 | 0.50% | | | CBOT豆油主力 | 4 ...