-- 週三，主要生物燃料原料價格上漲，因為中東衝突導致燃料供應長期中斷的擔憂持續推高原油價格，並刺激生物燃料生產。 5月大豆油期貨合約創下合約新高，早盤上漲1.23%至每磅74.28美分，帶動相應大豆期貨合約上漲0.40%至每蒲式耳11.78美元。 ADM投資者服務公司的馬克索德伯格表示，生物燃料需求的成長可能有助於大豆油庫存下降，目前大豆油庫存已達到六年來的最高水準。 隨著大豆油價格上漲，中國廢棄食用油的競爭力提高。索德伯格報告稱，上個月有兩批共33.9萬桶廢棄食用油抵達德州亞瑟港。 索德伯格表示：“隨著美國大豆油和廢棄食用油之間的價差擴大，預計會有更多廢棄食用油運抵美國。” 同時，巴西大豆收割工作接近尾聲，出口量持續成長，對價格構成壓力。巴西全國糧食出口商協會（Anec）預計，4月份巴西大豆出口量將達到約1,600萬噸，而去年同期為1,350萬噸。 美國大豆種植速度遠超歷史平均水平，也對市場帶來壓力。 在亞洲，馬來西亞棕櫚油期貨在經歷波動後收高。馬來西亞衍生性商品交易所5月原棕櫚油合約上漲0.8%，至每噸4,505馬來西亞林吉特（1,139.93美元）。 6月合約也上漲相同比例，至每噸4545林吉特。 然而，出口放緩限制了漲幅。據報道，貨運調查員預計，4月1日至25日期間，馬來西亞的棕櫚油出口量將季減15.7%至16.8%。 據報道，由於買家傾向於等待價格恢復正常後再補充庫存，來自主要進口國印度的採購量有所下降。 在中國，受美伊衝突的影響，全球棕櫚油價格從4月初的合約高點回落，進口利潤率近期有所改善。 中國價格報告機構MySteel表示：“昨天購入了一批9月份的新棕櫚油，而現貨交易仍然僅限於必要採購。” 在棕櫚油主要生產國印尼、馬來西亞和泰國，隨著生質燃料使用量的增加，預計國內需求將會增加。 然而，根據《今日自由馬來西亞》報道，馬來西亞製造商聯合會主席李雅各布表示，馬來西亞將棕櫚油生物柴油摻混比例從目前的10%提高到15%的舉措，可能對工業製造商的益處有限，但對生物燃料生產商來說可能是有利的。 據報道，李雅各布表示，工業燃料成本將繼續受到全球市場價格的嚴重影響，而未獲得燃料補貼的製造商將繼續面臨市場波動的風險。 印尼棕櫚油種植者反對一項擬議的地表水稅，該稅項擬對每棵棕櫚樹每月徵收1700印尼盾（約0.10美元）。棕櫚油種植戶聯盟全國委員會主席曼蘇圖斯·達托告訴《雅加達郵報》，這項稅收可能使種植者的收入減少6%以上。 據報道，印尼棕櫚油生產商協會（Gapki）表示，此舉將為本已不堪重負的棕櫚油行業增加「不可持續」的成本，該行業目前已面臨多項政府收費，包括出口稅、國內市場義務以及即將實施的出口收益規則。 供應方面，在經歷了季節性低谷後，棕櫚油產量短期內可能會回升。但隨著厄爾尼諾現象的發展，中期產量可能會下降，而厄爾尼諾現像在第四季發生的機率超過90%。 週二，美國紐約商品交易所 (NYMEX) 5 月交割的乙醇期貨價格下跌 1%，至每加侖約 1.99 美元，市場正等待週三公佈的美國每週產量、庫存和出口數據。
Related Articles
International
FOMC Holds Federal Funds Rate Steady at Range of 3.50% to 3.75%
Sectors
Update: Gold Falls to a Month Low as Rising Energy Costs Expected to Boost Inflation
(Updates prices.)Gold traded lower for a third-straight day early Wednesday, pressured by inflation worries even as the Federal Reserve's policy committee is expected to leave rates unchanged when it ends its two-day meeting this afternoon.Gold for June delivery was last seen down US$50.40 to US$4,558.00 per ounce, the lowest since March 30.With oil trading near four-year highs amid the Iran war, traders have moved away from gold as a safe haven, turning instead to the dollar and bonds to hedge against the threat rising energy prices will boost inflation and force interest rates higher."With oil-led inflation risks remaining the main driver, as rising energy prices strengthen the dollar and reinforce a higher-for-longer interest rate outlook. For now, the market's immediate focus remains on mediation efforts, with a reopening of the strait and a subsequent drop in oil prices representing the biggest short-term upside catalyst for both gold and silver," Saxo Bank noted.But higher rates are not yet on the way. The Federal Open Market Committee and the Bank of Canada will both release interest-rate decisions today and both are expected to leave rates steady.The dollar was higher, with the ICE dollar index last seen up 0.25 points to 98.89. Treasury yields also moved up, with the U.S. two-year note last seen paying 3.918%, up 6.8 basis points, while the yield on the 10-year note was up 4.7 points to 4.4%.
$GCM6$GLD
Sectors
Sector Update: Energy Stocks Rise Wednesday Afternoon
Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising about 2%.The Philadelphia Oil Service Sector Index was increasing 0.5%, and the Dow Jones US Utilities Index was shedding 0.5%.Oil prices rallied Wednesday after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade. Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.Front-month West Texas Intermediate crude oil jumped 7.3% to $107.18 a barrel, and the global benchmark Brent crude contract climbed 7.4% to $119.47 a barrel. Henry Hub natural gas futures fell 2.2% to $2.63 per 1 million BTU.In corporate news, Phillips 66 (PSX) shares jumped past 6%. The firm reported Q1 adjusted earnings Wednesday of $0.49 per diluted share, swinging from a loss of $0.90 a share a year ago. Analysts polled by FactSet expected a loss of $0.54 a share. Phillips 66 also raised its annualized quarterly dividend by 7%.Bloom Energy (BE) shares surged nearly 24% after it reported Q1 adjusted earnings late Tuesday of $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12. Revenue also handily beat market consensus.TotalEnergies (TTE) shares were up 0.9% after it posted higher Q1 adjusted earnings and revenue.
$BE$PSX$TTE