01 Peanuts

Week 50 (December 8-12, 2025): This week, domestic peanut market prices were mostly stable, with some areas showing weakness; supply was generally limited, and transactions were based on quality.

Weekly Review:

This week, in the Northeast peanut producing region, suppliers held firm on prices and were reluctant to sell, but high prices suppressed demand, resulting in sluggish finished product transactions. Processors had weak restocking intentions, and prices were stable to slightly weak, but there was some support at the bottom due to the approaching New Year's Day. In the Henan producing region, purchases by the Luhua oil factory boosted transactions of small-sized and oil-grade peanuts, with prices fluctuating at low levels and limited downward potential. However, commodity demand was weak, and oil-grade supply was abundant. Most oil factories received limited quantities and strictly controlled quality indicators, with some experiencing delays in unloading and re-inspection. In the domestic trade market, prices were stable, and arrivals were limited. Traders mainly focused on depleting existing inventory, and market demand was weak, resulting in slow sales. Overall, the peanut market trading atmosphere was subdued, with participants adopting a wait-and-see attitude. Holders showed increased willingness to sell, but downstream demand did not improve, exacerbating the supply-demand imbalance. Although the Spring Festival stocking period is approaching and there are expectations for a recovery in demand, current inventory pressure is high, and short-term price rebound momentum is insufficient, resulting in continued weak adjustments.  Future developments will depend on the progress of inventory depletion in the producing regions, the unloading volume of oil factories, and the purchasing enthusiasm after price adjustments in the Northeast producing region.

02 Peanut Oil

Week 50 (December 8-12, 2025), the average national price of peanut oil was 15,700 yuan/ton.  Reference prices are as follows:

Weekly Review:

This week, the peanut oil market price remained stable. Currently, the overall supply of peanut oil is abundant, with steady growth in domestic peanut production and a significant increase in imports. Oil mill inventories are rising, and regional differences are evident, with Northeast China showing price support and reluctance to sell, while Henan province has ample supply of oilseeds.  On the demand side, short-term consumption is weak, with traders cautious about purchasing and slow terminal sales. However, the approaching New Year and Spring Festival holidays will drive necessary restocking. In the long term, the market is upgrading towards high-end and healthy products, with increased penetration of high-oleic acid products.  In terms of price, the short-term trend is weak and volatile. The ex-factory price of domestic first-grade peanut oil remains at 14,500-16,000 yuan/ton, with significant regional price differences. The purchase price of general-grade peanuts in Henan is 3.6-3.7 yuan/jin.  Downward price risk is low due to factors such as rising planting costs. Overall, the short-term market supply and demand are loose, leading to insufficient momentum for price rebound. In the long term, the industry will experience structural growth driven by consumption upgrades.  Going forward, it is necessary to pay close attention to the progress of holiday stocking, oil mill inventory digestion, and the flow of goods in production areas.