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Stocks of Rapeseed, Rapeseed Oil and Meal in Coastal Areas and East China(Week 9, 2018)

2018-03-07 www.cofeed.com
I. Stocks, arrivals and machine operation of rapeseed
    Till March 2nd this week, coastal stocks of imported rapeseed have accumulated to 681,000 tonnes from 668,000 tonnes last week with 1.95% or 13,000 tonnes higher on account of rapeseed arrivals and relatively low processing capacity, and the figure is up 3.73% from 644,000 tonnes on a year-on-year basis. While total rapeseed stocks in such regions as Guangxi, Guangdong and Fujian have also increased to 521,000 tonnes from 500,000 tonnes by 4.2% and it is up 10.15% as compared to 473,000 tonnes on a year-on-year basis. Port arrivals of rapeseed in March of year 2018 are estimated to be normal-- around 360,000 tonnes. In addition, material supply for the moment is assured. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed stocks (unit10,000 tonnes

 

Week 9

Week 8

Variation

Guangxi

23.5

19.9

3.6

Guangdong

16

17

-1

Fujian

12.6

13.1

-0.5

Kerry, Yingkou

6.8

6.8

0

Jiangsu

9.2

10

-0.8

Total

68.1

66.8

1.3



                    Fugure1: Comparison of domestic rapeseed stocks yearly

II. Stocks of rapeseed oil and amounts in outstanding contracts
    Till March 2nd this week, rapeseed oil stocks in regions have lessened to 207,000 tonnes from 220,600 tonnes last week by 6.17% and 13,600 tonnes below, and the figure is also down 42.94% from the corresponding week last year of 362,800 tonnes. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed oil stocks (unit10,000 tonnes

 

Week 9

Week 8

Variation

Guangxi

2.4

2.87

-0.47

Guangdong

1.35

1.4

-0.05

Fujian

0.3

0.4

-0.1

Kerry, Yingkou

0.4

0.4

0

East China

16.25

16.99

-0.74

Total

20.7

22.06

-1.36



                      Figure2: Comparison of domestic rapeseed oil stocks yearly

III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
    Till March 2nd this week, national rapeseed meal stocks have shriveled from 56,500 tonnes last week to 53,000 tonnes by 6.2% and 3,500 tonnes below, but stocks are still up 10.32% as compared to 59,100 tonnes year on year. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed meal stocks (unit10,000 tonnes

 

Week 9

Week 8

Variation

Guangxi

2.2

1.8

0.4

Guangdong

0.9

1.05

-0.15

Fujian

1.4

1.7

-0.3

Kerry, Yingkou

0

0.1

-0.1

Jiangsu

0.8

1

-0.2

Total

5.3

5.65

-0.35