01 Peanuts

In the 6th week (February 2-6, 2026), the domestic peanut market price was mostly stable with some local weakness; the supply was generally small, and the transaction price was determined by the quality.

Weekly Review:

The peanut market remained generally stable this week. With the Spring Festival approaching, peanut sales gradually came to an end as logistics ceased and Luhua oil mills completed their sales early, resulting in a stable overall market. Suppliers prioritized selling lower-quality peanuts, while processors mostly adopted a wait-and-see approach or selectively replenished their stocks. High-quality peanuts from Northeast China and southern Henan maintained firm prices due to limited supply. Market quotations remained generally stable due to sluggish sales of finished products and limited demand for higher prices. Current market focus shifts to the post-holiday period. Industry opinions are divided. The quality of peanuts from Henan is gradually improving, and prices are currently low, making high-quality peanuts more resilient to price drops. However, domestic trade will enter a low demand season after the holiday, and with oil mills replenishing their pre-holiday inventories, a significant price increase is unlikely. The price difference of approximately 2000 yuan/ton between Northeast China and Henan will also suppress demand and limit price increases against the backdrop of declining consumption. Nevertheless, the quality advantage and cost support of high-quality peanuts still constitute a price floor. In the medium to long term, the key focus should be on the consumption of peanuts. If circulation remains slow after the holiday, and storage becomes more difficult as temperatures rise in May, the market may face some pressure to sell.

02 Peanut Oil

In week 6 (February 2nd-6th, 2026), the national average price of peanut oil was 15,688 yuan/ton. Reference prices are as follows:

Weekly Review:

The peanut oil market remained generally stable this week. With the Spring Festival approaching, oil mills gradually shut down for the final stages of production, and raw material procurement was largely completed. Peanut raw material prices remained stable with some support, and the firm supply of high-quality peanuts provided cost support for refined oil products. Downstream end-users' pre-holiday stockpiling was nearing its end, resulting in a "weak peak season" demand. Food factories and distributors mainly replenished their stocks for immediate needs, without large-scale stockpiling. Finished product sales at oil mills were slow, and inventory levels remained high. Market quotations remained generally stable, with room for negotiation in actual transactions. In the short term, influenced by the pre-holiday closing and post-holiday off-season expectations, peanut oil prices lacked significant fluctuations. Future attention should be paid to the recovery of demand after the holiday and the pace of raw material consumption.