I. Stocks, arrivals and machine operation of rapeseed
Till March 23rd this week, coastal stocks of imported rapeseed have downsized from 570,000 tonnes to 456,000 tonnes on the week with 20% or 114,000 tonnes lower, and correspondingly, the figure is down 11.46% from 515,000 tonnes on a year-on-year basis. While total rapeseed stocks in such regions as Guangxi, Guangdong and Fujian have also decreased to 336,000 tonnes from 440,000 tonnes by 23.64%, and it is down 6.54% as opposed to 413,000 tonnes year on year. Port arrivals of rapeseed in March and April of year 2018 are anticipated to be normal-- around 270,000 tonnes in March and 540,000 tonnes in April. 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 12
|
Week 11
|
Variation
|
Guangxi
|
17.1
|
22.6
|
-5.5
|
Guangdong
|
8.5
|
11.6
|
-3.1
|
Fujian
|
8
|
9.8
|
-1.8
|
Kerry, Yingkou
|
7
|
7
|
0
|
Jiangsu
|
5
|
6
|
-1
|
Total
|
45.6
|
57
|
-11.4
|
Fugure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till March 23rd this week, rapeseed oil stocks in regions have increased to 304,100 tonnes from 230,700 tonnes last week by 31.82% and 73,400 tonnes above, but the figure is down 25.28% from the corresponding week last year of 407,000 tonnes. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed oil stocks (unit:10,000 tonnes)
|
|
Week 12
|
Week 11
|
Variation
|
Guangxi
|
3.5
|
2.68
|
0.82
|
Guangdong
|
1.4
|
1.05
|
0.35
|
Fujian
|
0.39
|
0.4
|
-0.01
|
Kerry, Yingkou
|
0.5
|
1.2
|
-0.7
|
East China
|
24.62
|
17.74
|
6.88
|
Total
|
30.41
|
23.07
|
7.34
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till March 23rd this week, national rapeseed meal stocks have seen rising as opposed to last week, generally, stocks increase to 71,800 tonnes from 69,000 tonnes last week, rising by 4.06% and 2,800 tonnes above, and its stocks are still up 0.42% from 71,500 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed meal stocks (unit:10,000 tonnes)
|
|
Week 12
|
Week 11
|
Variation
|
Guangxi
|
4
|
3.1
|
0.9
|
Guangdong
|
0.95
|
0.6
|
0.35
|
Fujian
|
1.33
|
1.5
|
-0.17
|
Kerry, Yingkou
|
0.2
|
0.7
|
-0.5
|
Jiangsu
|
0.7
|
1
|
-0.3
|
Total
|
7.18
|
6.9
|
0.28
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly