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Investigation report on stocks of rapeseed, rapeseed oil and meal in coastal areas and East China(week 41)

2017-10-18 www.cofeed.com
I.Stocks, arrivals and machine operation of rapeseed
Till October 13th this week, coastal stocks of imported rapeseed are slightly gained to 238,500 tonnes due to arrivals of rapeseed in some oil factories, rising 6% from last week’s 225,000 tonnes, an increase of 13,500 tonnes, yet down 3.05% over the same period last year of 246,000 tonnes. While rapeseed stocks in such regions as Guangxi, Guangdong and Fujian have increased to 207,000 tonnes, which is up 12.81% against 183,500 tonnes last week, but down 12% over the same period in the previous year of 271,000 tonnes. Port arrivals of rapeseed in October, November and December will not be much, in detail, 0.3 Mln tonnes, 0.33 Mln tonnes and 0.27 Mln tonnes respectively, consequently, rapeseed crush in the following three months is expected to be flat. Yet, a significant import of soybeans in November and December(18.1 Mln tonnes or even more in total) will boost outputs of soybean oil and meal, which will dwarf the market of rapeseed oil and meal to some degree, such being the cases, supplies of rapeseed oil and meal  will be sufficient overall.

Area/Enterprise

Rapeseed stocks (unitten thousand tonnes

Week 41

Week 40

Fluctuation

Guangxi

6.9

0.9

6

Guangdong

9.3

11.6

-2.3

Fujian

4.5

5.85

-1.35

Kerry, Yingkou

1

1

0

Jiangsu

2.15

3.15

-1

Total

23.85

22.5

1.35   

                                       Figure1: rapeseed stocks in some areas


II. Stocks of rapeseed oil and amounts in outstanding contracts
Operating rate in oil factories continues to fall this week(till October 13th) amid quickening delivery in middle and downstream enterprises, consequently, rapeseed oil stocks in regions are plunged to 452,500 tonnes, down 4.62% from last week’s 474,400 tonnes, a decline of 21,900 tonnes, but up 36.79% over the same period last year of 330,800 tonnes. Details for weekly stocks are shown as follows:

Area/Enterprise  

Rapeseed oil stocks (unitten thousand tonnes

Week 41

Week 40

Fluctuation

Guangxi

4.58

4.77

-0.19

Guangdong

4.4

4.1

0.3

Fujian

3.1

2.7

0.4

Kerry, Yingkou

2.1

2.4

-0.3

East China

31.77

32.77

-1

Total

45.25

47.44

-2.19

                                        Figure2: rapeseed oil stocks in some areas

III.Coastal stocks of rapeseed meal and amounts in outstanding contracts
Operating rate in oil factories continues to fall this week(till October 13th) amid much-needed delivery in feed enterprises to replenish stocks after a near-term consumption, such being the cases, rapeseed stocks continue to slump, which is down 14.14% from 21,800 tonnes of last week to 18,500 tonnes, a decrease of 3,300 tonnes, yet up 41.22% over the same period last year of 13,100 tonnes. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed meal stocks (unitten thousand tonnes

Week 41

Week 40

Fluctuation

Guangxi

0.55

0.72

-0,17

Guangdong

0.3

0.25

-0.05

Fujian

0.8

0.81

-0.01

Kerry, Yingkou

0

0.1

-0.1

Jiangsu

0.2

0.3

-0.1

Total

1.85

2.18

-0.33

                                       Figure3: rapeseed meal stocks in some areas