6-30, the spot prices of palm oil in various regions are as follows (unit: yuan/ton; latest update time: 06-30 13:35):
product name and specifications, regional average spot price rise and fall
palm oil (24 degrees) Guangzhou 10720 -2140
palm oil (24 degrees) Fujian 10720 -2140
palm oil (24 degrees) Ningbo 10540 -2140
palm oil (24 degrees) Zhangjiagang 10520 -2140
palm oil (24 degrees) Rizhao 10580 -2140
palm oil (24 degrees) Degree) Tianjin Palm 10620 -2140
Domestic palm oil spot supply is still tight, but due to the recent improvement in import profits, the number of ship purchases has increased significantly from July to September, and arrivals at the port will increase in the later period. It is expected that inventories may recover. Regarding palm oil, on the one hand, the Indonesian government stated that it will adjust domestic supporting sales policies so that palm oil companies can obtain more export quotas. On the other hand, Indonesia also stated that it will conduct road tests on B40 vehicles at the end of the month. Long and short factors are intertwined, and palm oil remains volatile. On the market, palm oil's oversold rebound momentum is slightly insufficient, and the remaining short orders in the early stage will continue to be held with a stop loss of 9,700.
The handling fee for first-hand palm oil is 2.5 yuan, which is good for listed companies.
The Russia-Ukraine war has caused Ukrainian oil exports to stagnate, and global oil prices have been relatively volatile. The U.S. Agriculture Department released a quarterly inventory report showing that as of the quarter of December 1, 2021, soybean stocks were 52.56 million tons, compared with 42.5 million tons in the same period last year. The June report of the USDA showed that the soybean planting area in the United States was 91 million acres (8,720 last year), 90.1 million acres were harvested (8,630 last year), the yield was 51.5 bushels/acre (51.4 bushels/acre last year), and the output was 4.64 billion bushels ( 4.435 billion bushels last year), exports 2.200 billion bushels (2.170 billion bushels last year), crushing 2.255 billion bushels (2.215 billion bushels last year), and ending stocks of 280 million bushels (205 million bushels last year). The global inventory at the end of the period was 100.46 million tons (99.6 million tons in the previous period and 86.15 million tons in the previous year). U.S. soybean crush data and export data remain unchanged, and inventories have declined this year. Argentina soybeans are raised by 1.4 million tons, indicating that better weather during the harvest period has led to an increase in output than expected; Malaysia palm oil monthly output fell sharply, exports increased, and inventories were reduced; Indonesia announced that it will cancel edible oil exports, which is negative for palm oil prices. A large amount of palm oil will enter the market in the near future; in addition, Indonesia has lowered the maximum export tax on palm oil from US$575/ton to US$488/ton. The lower cost is negative for prices.
On June 29, Dalian soybean oil main contract Y2209 fluctuated and pulled back, and the position decreased; palm oil P2209 contract fluctuated and pulled back, and the position decreased.
The handling fee for first-hand soybean oil is 2.5 yuan, and it feels good for listed state-owned enterprises
