I. Stocks, arrivals and machine operation of rapeseed
Till February 23rd this week, coastal stocks of imported rapeseed have accumulated to 668,000 tonnes from 548,000 tonnes the week before last (on Feb. 9th) with 21.9% or 120,000 tonnes higher on account of rapeseed arrivals and a machine halt during Chinese New Year, and the figure is up 10.96% from 602,000 tonnes on a year-on-year basis. While total rapeseed stocks in such regions as Guangxi, Guangdong and Fujian have increased from 380,000 tonnes on Feb. 9th to 500,000 tonnes by 31.58% and it is up 6.38% as compared to the same period in the previous year of 470,000 tonnes. Port arrivals of rapeseed in February and March of year 2018 are estimated to be normal-- around 434,000 tonnes and 360,000 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 8
|
Week 6
|
Variation
|
Guangxi
|
19.9
|
20.2
|
-0.3
|
Guangdong
|
17
|
11
|
6
|
Fujian
|
13.1
|
6.8
|
6.3
|
Kerry, Yingkou
|
6.8
|
6.8
|
0
|
Jiangsu
|
10
|
10
|
0
|
Total
|
66.8
|
54.8
|
12
|
Fugure1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till February 23rd this week, rapeseed oil stocks in regions have lessened to 220,600 tonnes from 232,700 tonnes on Feb. 9th by 5.2%, or 12,100 tonnes less, and the figure is down 34.89% from the corresponding period last year of 338,800 tonnes. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed oil stocks (unit：10,000 tonnes）
|
|
Week 8
|
Week 6
|
Variation
|
Guangxi
|
2.87
|
3
|
-0.13
|
Guangdong
|
1.4
|
1.4
|
0
|
Fujian
|
0.4
|
0.4
|
0
|
Kerry, Yingkou
|
0.4
|
0.4
|
0
|
East China
|
16.99
|
18.07
|
-1.08
|
Total
|
22.06
|
23.27
|
-1.21
|
Figure2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till February 23rd this week, national rapeseed meal stocks have shriveled from 58,000 tonnes on Feb. 9th to 56,500 tonnes by 2.59% and 1,500 tonnes below, yet stocks are still up 8.86% as compared to the same period last year of 51,900 tonnes. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed meal stocks (unit：10,000 tonnes）
|
|
Week 8
|
Week 6
|
Variation
|
Guangxi
|
1.8
|
1.9
|
-0.1
|
Guangdong
|
1.05
|
1.1
|
-0.05
|
Fujian
|
1.7
|
1.7
|
0
|
Kerry, Yingkou
|
0.1
|
0.1
|
0
|
Jiangsu
|
1
|
1
|
0
|
Total
|
5.65
|
5.8
|
-0.15
|
Figure3: Comparison of domestic rapeseed meal stocks yearly
