I. Stocks, arrivals and machine operation of rapeseed
Till February 2nd this week, coastal stocks of imported rapeseed have accumulated to 470,000 tonnes from 413,000 tonnes last week with 13.8% or 57,000 tonnes higher, and the figure is up 11.1% from 423,000 tonnes on a year-on-year basis. While total rapeseed stocks in such regions as Guangxi, Guangdong and Fujian have increased from 310,000 tonnes last week to 367,000 tonnes by 18.39% and it is up 24.41% as compared to the same period in the previous year of 295,000 tonnes. Port arrivals of rapeseed in January and February of year 2018 are estimated to be normal-- around 363,000 tonnes and 420,000 tonnes, respectively. In addition, material supply for the moment is assured. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed stocks (unit:10,000 tonnes)
|
|
Week 5
|
Week 4
|
Variation
|
Guangxi
|
22
|
14.7
|
7.3
|
Guangdong
|
7.4
|
9
|
-1.6
|
Fujian
|
7.3
|
7.3
|
0
|
Kerry, Yingkou
|
6.8
|
6.8
|
0
|
Jiangsu
|
3.5
|
3.5
|
0
|
Total
|
47
|
41.3
|
5.7
|
Fugure1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till February 2nd this week, rapeseed oil stocks in regions have lessened to 225,200 tonnes from last week’s 284,900 tonnes by 20.95%, or 59,700 tonnes less, and the figure is down 31.86% from the corresponding period last year of 330,500 tonnes. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed oil stocks (unit:10,000 tonnes)
|
|
Week 5
|
Week 4
|
Variation
|
Guangxi
|
2.9
|
2.55
|
0.35
|
Guangdong
|
0.85
|
1.37
|
-0.52
|
Fujian
|
0.8
|
1.5
|
-0.7
|
Kerry, Yingkou
|
0.4
|
0.5
|
-0.1
|
East China
|
17.57
|
22.57
|
-5
|
Total
|
22.52
|
28.49
|
-5.97
|
Figure2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till February 2nd this week, national rapeseed meal stocks have shriveled from 77,800 tonnes last week to 56,700 tonnes by 27.12% and 21,100 tonnes below last week, yet stocks are still up 1.8% as compared to the same period last year of 55,700 tonnes. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed meal stocks (unit:10,000 tonnes)
|
|
Week 5
|
Week 4
|
Variation
|
Guangxi
|
1.5
|
1.98
|
-0.48
|
Guangdong
|
0.72
|
0.8
|
-0.08
|
Fujian
|
1.85
|
2.6
|
-0.75
|
Kerry, Yingkou
|
0.3
|
0.5
|
-0.2
|
Jiangsu
|
1.3
|
1.9
|
-0.6
|
Total
|
5.67
|
7.78
|
-2.11
|
Figure3: Comparison of domestic rapeseed meal stocks yearly