01 Peanuts

Week 4 (January 19-23, 2026): This week, domestic peanut market prices were mostly stable, with some areas showing a slight downward trend; supply was generally limited, and transactions were based on quality. National Peanut Price Summary (Unit: RMB/jin, specifications for kernels in some sections: RMB/ton)

Weekly Review:

This week (January 19-24), the domestic peanut oil market, influenced by the upstream peanut raw material market, showed a generally stable and fluctuating trend with limited room for significant price swings.  Peanut raw materials, as the core cost driver, saw a slight upward shift in price due to traffic disruptions and supply interruptions in the main production areas of Henan and Shandong caused by earlier snowfall.  The Northeast production area also experienced temporary price volatility due to market sentiment. However, with improved weather and restored transportation, coupled with weaker-than-expected holiday demand, peanut raw material prices gradually returned to a rational and stable level, leading to a more moderate fluctuation in peanut oil costs.  As the Lunar New Year approaches, both upstream and downstream markets are cautious. Oil mills are purchasing raw materials on demand and rationally controlling production pace. Terminal channels and consumers have weak purchasing power and limited acceptance of high prices, resulting in a quiet peanut oil market with no significant price fluctuations.  Currently, there are significant differences in market expectations for peanut and peanut oil prices after the New Year. On the one hand, high peanut yields this quarter, but with a lower proportion of high-quality goods, support some bullish sentiment. On the other hand, overall weak consumption, a weak commodity market, and the risk of devaluation of lower-quality goods from production areas weigh on prices.  Overall, the peanut oil market lacks significant upward driving factors and will likely maintain a stable and fluctuating pattern in the short term. Industry operations will focus on stable, demand-driven procurement and risk avoidance.

02 Peanut Oil

Week 4 (January 19-23, 2026), the national average price of peanut oil was 15,688 yuan/ton.  Reference prices are as follows:

Weekly Review:

This week, the domestic peanut oil market remained generally stable with no significant price fluctuations. The price trend primarily followed the changes in the upstream peanut raw material market. At the beginning of the week, traffic disruptions due to snowfall in major peanut producing areas led to insufficient supply at the grassroots level, providing slight support to costs. However, as the weather improved later in the week, transportation and supply recovered.  Coupled with weaker-than-expected terminal consumption before the holiday and cautious market purchasing sentiment, the cost support for peanut oil gradually eased, and the market trading atmosphere was relatively weak.  Approaching the end of the year, both upstream and downstream participants maintained a rational and cautious attitude. Oil mills controlled production and procurement according to demand, and terminal consumers had limited acceptance of high prices.  Therefore, there was a lack of driving factors for significant price increases or decreases in peanut oil.  Furthermore, there are differing opinions on the market outlook after the New Year, coupled with overall weak consumption and differentiated supply structures in producing areas.  It is expected that the peanut oil market will maintain a stable operating pattern in the short term, with the industry focusing on steady and demand-driven operations.