Peanut, peanut oil and peanut meal trading summary and analysis (Week 48, 2024)

01 Peanut 

In the 48th week (November 25-November 29, 2024), the national average price of peanuts is 8,658 yuan/ton. The prices of peanuts in various regions are shown in the following table:

Weekly Review:

This week, the price of peanuts was stable with a slight decline, and the price of peanuts in some areas was weak. The price of domestic peanut market was weak, the demand was not strong, and it was difficult to ship. Some traders quoted high prices and sold low, and the transaction price fell. At the same time, the purchase price also followed the weakness. The main reason is that my country's peanuts were abundant this year, and new peanuts were concentrated in large quantities and the supply was relatively loose. Rapeseed and soybeans were weak, dragging down the peanut market. The terminal consumption of peanut meal was not smooth. Farmers were reluctant to sell and refused to sell at low prices, which may support the price of peanuts.

It is expected that the price of peanuts will continue to fluctuate weakly in the short term. The purchase of oil mills in the market has weakened, the market atmosphere is not good, the supply of peanuts is relatively loose, and large oil mills purchase imported rice, which suppresses the peanut market, so peanuts may be weak.

02 Peanut oil

In the 48th week (November 25-November 29, 2024), the national average price of peanut oil is: 15,750 yuan/ton, first-grade ordinary peanut oil is 14,500 yuan/ton; small-pressed fragrant peanut oil is 17,000 yuan/ton. The reference prices are as follows:

Weekly Review:

This week, the price of ordinary peanut oil rose, while the price of small-scale peanut oil remained stable. The demand for downstream peanut meal was weak, and the sales speed was not fast. In order to maintain the profit of pressing, the oil mills were willing to support the price of peanut oil. In terms of demand, the sales speed of peanut oil was acceptable, which supported the peanut oil market. It is expected that in the short term, the price of peanut oil will likely remain stable and fluctuate. The oil mills are willing to support the price, which supports the peanut oil market. The bumper harvest of peanuts and the increase in peanut oil production are bearish for the peanut oil market. The supply is strong and the demand is strong, so the price of peanut oil may remain stable. Stocking up before the Spring Festival may have to start in advance, and there is still room for peanut oil to rise.

03 Peanut meal

The reference prices of peanut meal in various regions in Week 48 (November 25-November 29, 2024) are as follows:

Weekly Review:

The price of peanut meal fell this week. The price advantage of peanut meal is not obvious. Some oil mills have peanut meal storage, which has led to price cuts to reduce inventory. In terms of supply, the recent crushing profit is good, the oil mill oil mill operating rate is high, and the supply of peanut meal is sufficient. In terms of demand, the speed of sales is not fast and the demand is general. It is expected that the price of peanut meal will be stable in the short term, and the possibility of fluctuation is relatively high. The price of the peanut market is fluctuating and adjusting. The supply of peanut meal is sufficient in the near future, and the price of peanut meal may fall.