中(zhong)商情報(bao)網訊:2024年(nian)12月,國(guo)內(nei)油(you)(you)(you)(you)料價(jia)(jia)格(ge)持平略漲(zhang),國(guo)內(nei)外食用植物油(you)(you)(you)(you)價(jia)(jia)格(ge)漲(zhang)跌分化。國(guo)內(nei)市(shi)場:春節臨近,生產廠商采購(gou)備貨以(yi)及消費需求預(yu)期(qi)進一(yi)步(bu)(bu)改善,預(yu)計(ji)國(guo)產油(you)(you)(you)(you)料和食用植物油(you)(you)(you)(you)價(jia)(jia)格(ge)穩(wen)中(zhong)偏(pian)強運行。國(guo)際市(shi)場:2024/25年(nian)度(du)全球油(you)(you)(you)(you)菜籽(zi)產量預(yu)測數據進一(yi)步(bu)(bu)調減,支撐油(you)(you)(you)(you)菜籽(zi)價(jia)(jia)格(ge)。棕櫚油(you)(you)(you)(you)處(chu)于減產季,短期(qi)內(nei)延續供(gong)給階(jie)段性偏(pian)緊格(ge)局,預(yu)計(ji)價(jia)(jia)格(ge)保(bao)持高(gao)位(wei)震蕩。
(一)國內油料價格持平略漲,食用植物油價格漲跌分化
國(guo)產油(you)(you)(you)菜籽庫存減少(shao),主要(yao)油(you)(you)(you)廠(chang)壓榨利潤降低(di),開工(gong)率(lv)有所下滑,采購需(xu)求偏(pian)弱,油(you)(you)(you)菜籽價(jia)(jia)(jia)(jia)(jia)格(ge)(ge)保(bao)持穩(wen)定。花生方面,河南、遼寧等產區農戶持貨(huo)(huo)觀望(wang),上貨(huo)(huo)量不大,疊加(jia)雙節前油(you)(you)(you)廠(chang)備(bei)貨(huo)(huo)需(xu)求,支(zhi)撐價(jia)(jia)(jia)(jia)(jia)格(ge)(ge)略漲(zhang)(zhang)。12月(yue)份,湖(hu)北(bei)地(di)區油(you)(you)(you)菜籽進廠(chang)價(jia)(jia)(jia)(jia)(jia)每(mei)(mei)斤2.7元(yuan)(yuan),環(huan)(huan)比(bi)(bi)(bi)(bi)(bi)持平,同(tong)比(bi)(bi)(bi)(bi)(bi)跌(die)(die)11.5%;山東地(di)區花生仁入(ru)廠(chang)價(jia)(jia)(jia)(jia)(jia)每(mei)(mei)斤3.73元(yuan)(yuan),環(huan)(huan)比(bi)(bi)(bi)(bi)(bi)漲(zhang)(zhang)0.5%,同(tong)比(bi)(bi)(bi)(bi)(bi)跌(die)(die)12.0%。受(shou)國(guo)際油(you)(you)(you)脂(zhi)價(jia)(jia)(jia)(jia)(jia)格(ge)(ge)變(bian)化傳導(dao)影(ying)響(xiang),國(guo)內豆油(you)(you)(you)價(jia)(jia)(jia)(jia)(jia)格(ge)(ge)下跌(die)(die),棕(zong)(zong)櫚(lv)油(you)(you)(you)價(jia)(jia)(jia)(jia)(jia)格(ge)(ge)上漲(zhang)(zhang)。受(shou)庫存累積影(ying)響(xiang),菜籽油(you)(you)(you)價(jia)(jia)(jia)(jia)(jia)格(ge)(ge)明(ming)顯(xian)下跌(die)(die)。節日消費預(yu)期(qi)偏(pian)強(qiang)疊加(jia)油(you)(you)(you)廠(chang)挺價(jia)(jia)(jia)(jia)(jia)意愿,支(zhi)撐花生油(you)(you)(you)價(jia)(jia)(jia)(jia)(jia)格(ge)(ge)上漲(zhang)(zhang)。12月(yue)份,山東三(san)級豆油(you)(you)(you)出(chu)(chu)廠(chang)均價(jia)(jia)(jia)(jia)(jia)每(mei)(mei)噸7919元(yuan)(yuan),環(huan)(huan)比(bi)(bi)(bi)(bi)(bi)跌(die)(die)5.5%,同(tong)比(bi)(bi)(bi)(bi)(bi)跌(die)(die)2.5%;天津港24度棕(zong)(zong)櫚(lv)油(you)(you)(you)到港價(jia)(jia)(jia)(jia)(jia)每(mei)(mei)噸10334元(yuan)(yuan),環(huan)(huan)比(bi)(bi)(bi)(bi)(bi)漲(zhang)(zhang)2.2%,同(tong)比(bi)(bi)(bi)(bi)(bi)漲(zhang)(zhang)39.3%;湖(hu)北(bei)三(san)級菜籽油(you)(you)(you)出(chu)(chu)廠(chang)價(jia)(jia)(jia)(jia)(jia)每(mei)(mei)噸9114元(yuan)(yuan),環(huan)(huan)比(bi)(bi)(bi)(bi)(bi)跌(die)(die)5.9%,同(tong)比(bi)(bi)(bi)(bi)(bi)漲(zhang)(zhang)7.5%;山東一(yi)級花生油(you)(you)(you)出(chu)(chu)廠(chang)價(jia)(jia)(jia)(jia)(jia)每(mei)(mei)噸14405元(yuan)(yuan),環(huan)(huan)比(bi)(bi)(bi)(bi)(bi)漲(zhang)(zhang)3.1%,同(tong)比(bi)(bi)(bi)(bi)(bi)跌(die)(die)9.1%。
(二)國際油菜籽價格下跌,食用植物油價格漲跌分化
盡管此前美國及加拿大(da)調低2024/25年度油(you)(you)菜籽(zi)產(chan)量(liang),但由于加拿大(da)出口量(liang)較(jiao)上年度同期(qi)大(da)幅增加,供給(gei)寬松(song),國際油(you)(you)菜籽(zi)價格明(ming)顯下跌(die)。全球大(da)豆(dou)豐產(chan)預期(qi)向(xiang)好,國際生物柴油(you)(you)政(zheng)策存在不(bu)確(que)定性,導致豆(dou)油(you)(you)摻混需(xu)求量(liang)下降,國際豆(dou)油(you)(you)價格下跌(die)。馬來西亞降雨(yu)天氣(qi)影響棕櫚(lv)果采摘運輸,棕櫚(lv)油(you)(you)價格略漲。12月份,加拿大(da)油(you)(you)菜籽(zi)CNF價月均(jun)價(離岸價+運費)每(mei)噸504美元(yuan),環比跌(die)7.5%,同比跌(die)11.6%;南(nan)美豆(dou)油(you)(you)CNF價月均(jun)價每(mei)噸1093美元(yuan),環比跌(die)8.7%,同比漲12.3%;馬來西亞24度棕櫚(lv)油(you)(you)離岸CNF價月均(jun)價每(mei)噸1214美元(yuan),環比漲1.8%,同比漲46.4%。
(三)加拿大油菜籽到岸稅后價低于國內,價差較上月擴大
12月份,9%關稅(shui)下(xia)的(de)(de)(de)加拿大油菜籽(zi)到我國(guo)(guo)口岸(an)(an)的(de)(de)(de)稅(shui)后(hou)價格每(mei)斤2.23元(yuan),比(bi)國(guo)(guo)內油菜籽(zi)進廠價每(mei)斤低0.47元(yuan),價差比(bi)上(shang)月擴大0.17元(yuan);美(mei)國(guo)(guo)墨西哥灣豆油離岸(an)(an)價每(mei)噸1136美(mei)元(yuan),折人民幣每(mei)斤4.08元(yuan),比(bi)國(guo)(guo)內銷區豆油價格高(gao)0.12元(yuan),價差比(bi)上(shang)月縮小0.40元(yuan);天(tian)津口岸(an)(an)的(de)(de)(de)進口豆油稅(shui)后(hou)價每(mei)斤4.77元(yuan),比(bi)當地國(guo)(guo)產(chan)豆油出(chu)廠價每(mei)斤高(gao)0.81元(yuan),價差比(bi)上(shang)月縮小0.05元(yuan)。
(四)1—11月累計,我國食用油籽進口量增額減,食用植物油進口量額均減
據(ju)海關統計(ji),11月(yue)份我國進(jin)(jin)(jin)口(kou)食(shi)用(yong)油(you)(you)籽(zi)815.22萬噸(dun),環(huan)比(bi)減(jian)(jian)(jian)11.5%,同(tong)比(bi)減(jian)(jian)(jian)5.4%;進(jin)(jin)(jin)口(kou)食(shi)用(yong)植物油(you)(you)49.75萬噸(dun),環(huan)比(bi)減(jian)(jian)(jian)13.1%,同(tong)比(bi)減(jian)(jian)(jian)46.2%。1—11月(yue)累(lei)計(ji),我國進(jin)(jin)(jin)口(kou)食(shi)用(yong)油(you)(you)籽(zi)1.1億噸(dun),同(tong)比(bi)增8.4%,進(jin)(jin)(jin)口(kou)額553.53億美(mei)(mei)元(yuan),同(tong)比(bi)減(jian)(jian)(jian)8.6%;進(jin)(jin)(jin)口(kou)食(shi)用(yong)植物油(you)(you)646.32萬噸(dun),同(tong)比(bi)減(jian)(jian)(jian)28.2%,進(jin)(jin)(jin)口(kou)額66.29億美(mei)(mei)元(yuan),同(tong)比(bi)減(jian)(jian)(jian)31.0%。
其(qi)中,油(you)(you)菜(cai)籽進(jin)口(kou)578.24萬(wan)(wan)噸,同(tong)比(bi)(bi)增21.7%,主(zhu)要(yao)來(lai)自加(jia)拿大(占92.6%)、俄羅(luo)斯(si)(占4.1%);棕櫚油(you)(you)進(jin)口(kou)247.98萬(wan)(wan)噸,同(tong)比(bi)(bi)減(jian)38.6%,主(zhu)要(yao)來(lai)自印(yin)度(du)尼(ni)西亞(占73.2%)、馬來(lai)西亞(占26.7%);菜(cai)籽油(you)(you)進(jin)口(kou)166.77萬(wan)(wan)噸,同(tong)比(bi)(bi)減(jian)21.8%,主(zhu)要(yao)來(lai)自俄羅(luo)斯(si)(占37.8%)、阿聯酋(占12.0%)、烏克蘭(占5.6%);豆油(you)(you)進(jin)口(kou)27.40萬(wan)(wan)噸,同(tong)比(bi)(bi)減(jian)19.2%。
(五)全球油籽庫存消費比較上年度提高,食用植物油庫存消費比下降
據美國農(nong)業部(USDA)12月份預測,2024/25年度(du)(du)(du)(du),全球油籽產量(liang)6.83億(yi)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)增(zeng)3.9%;消(xiao)(xiao)費(fei)量(liang)6.63億(yi)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)增(zeng)2.6%;貿易量(liang)2.07億(yi)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)增(zeng)1.2%;期末庫(ku)(ku)(ku)存1.47億(yi)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)增(zeng)12.2%;庫(ku)(ku)(ku)存消(xiao)(xiao)費(fei)比(bi)22.2%,比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)上(shang)(shang)(shang)升(sheng)1.8個(ge)百分(fen)點(dian)。全球食用植物油產量(liang)2.27億(yi)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)增(zeng)2.7%;消(xiao)(xiao)費(fei)量(liang)2.24億(yi)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)增(zeng)3.2%;貿易量(liang)8612萬(wan)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)增(zeng)0.3%;期末庫(ku)(ku)(ku)存2790萬(wan)噸(dun)(dun)(dun),比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)減(jian)6.8%;庫(ku)(ku)(ku)存消(xiao)(xiao)費(fei)比(bi)12.5%,比(bi)上(shang)(shang)(shang)年度(du)(du)(du)(du)下降1.3個(ge)百分(fen)點(dian)。
(六)預計國內油料、食用植物油價格穩中偏強
國內(nei)市場:臨近春節(jie),部分油(you)(you)(you)廠節(jie)前(qian)備貨(huo)仍有采購(gou)需求,對油(you)(you)(you)料(liao)價(jia)格形成支(zhi)撐。油(you)(you)(you)菜籽方(fang)面,油(you)(you)(you)廠和(he)貿易商(shang)減(jian)少進口(kou)需求,短期內(nei)國產(chan)油(you)(you)(you)菜籽價(jia)格預(yu)計穩(wen)(wen)中偏(pian)強(qiang)運(yun)行(xing);花生(sheng)(sheng)方(fang)面,主產(chan)區庫(ku)存減(jian)少,農(nong)戶持(chi)貨(huo)觀望,花生(sheng)(sheng)價(jia)格預(yu)計偏(pian)穩(wen)(wen)運(yun)行(xing)。棕(zong)櫚油(you)(you)(you)價(jia)格受國際供需格局偏(pian)緊影響,預(yu)計高位(wei)震蕩;受餐(can)飲(yin)業(ye)和(he)居民節(jie)前(qian)備貨(huo)需求支(zhi)撐,豆(dou)油(you)(you)(you)、菜籽油(you)(you)(you)、花生(sheng)(sheng)油(you)(you)(you)價(jia)格預(yu)計穩(wen)(wen)中偏(pian)強(qiang)運(yun)行(xing)。
國(guo)際(ji)市場:美國(guo)農業部下調(diao)2024/25年度全球新季油(you)(you)菜籽(zi)產(chan)(chan)量,預計國(guo)際(ji)油(you)(you)菜籽(zi)價格(ge)小幅上漲。棕櫚(lv)油(you)(you)主產(chan)(chan)國(guo)處于減產(chan)(chan)季,馬來(lai)西亞(ya)棕櫚(lv)油(you)(you)協會(MPOA)數據顯示,12月1—20日,馬來(lai)西亞(ya)棕櫚(lv)油(you)(you)產(chan)(chan)量環(huan)比減少9.94%,供給延續偏(pian)緊格(ge)局,但當前棕櫚(lv)油(you)(you)價格(ge)較高一(yi)定程度上抑制采購意(yi)愿,預計短期內棕櫚(lv)油(you)(you)價格(ge)高位(wei)震蕩運行(xing)。
更多資料請參考中商產業研究院發布的《中國油料行業(ye)市場前景及投資機(ji)會研(yan)究報告》,同時中商產業研究院還提供產(chan)業(ye)大數據、產(chan)業(ye)情報、行(xing)業(ye)研究報告、行(xing)業(ye)白皮書、行(xing)業(ye)地位證(zheng)明、可行(xing)性研究報告、產(chan)業(ye)規劃(hua)、產(chan)業(ye)鏈招(zhao)(zhao)商圖(tu)譜、產(chan)業(ye)招(zhao)(zhao)商指引、產(chan)業(ye)鏈招(zhao)(zhao)商考察&推介會、“十五(wu)五(wu)”規劃(hua)等咨詢服務。

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