China’s Soybean Crush Weekly (Week 18, 2018)

2018-05-07 www.cofeed.com

Since the operation rate in oil mills falls further this week (Apr. 28th-May 4th) attributed to less soybean meal delivery and increasing idle plants after bloated meals in mills, national soybean crush this week is around 1,481,250 tonnes (1,177,593 tonnes of soybean meal, 266,625 tonnes of soybean oil), generally decreasing by 13.81% or 237,500 tonnes vis-a-vis 1,718,750 tonnes last week. Meantime, soybean processing capacity utilization falls to 43.27%, 7.03 percentage points lower than 50.33% last week. Generally speaking, total soybean crush in week 19 is basically around 1.5 Mln tonnes, and 1.68 Mln tonnes in week 20 based on good crush margins and anticipated eased pressure on stockpiles.

Soybean crush in year 2017/2018 (as from 1 October 2017) has now totaled 52,370,920 tonnes, 4.56% or 2,284,543 tonnes higher than 50,086,377 tonnes attained in year 2016/17. While national soybean crush in year 2018 (as from 1 January 2018) has increased to 28,035,300 tonnes, a growth of 2.37% or 649,721 tonnes as compared to 27,385,579 tonnes year on year.

Details for weekly crush are shown as follows:

Area	Soybean Crush mT			Operation Rate (Capacity Utilization)
	Week 18	Week 17	Variation	Week 18	Week 17	Variation
Jiangsu	359,100	381,000	-21,900	59.86%	63.51%	-3.65%
Shandong	253,000	308,000	-55,000	42.25%	51.43%	-9.18%
Guangdong	216,700	194,200	22,500	53.65%	48.08%	5.57%
Guangxi	134,000	179,900	-45,900	43.02%	57.75%	-14.74%
Tianjin	93,500	93,500	0	62.13%	62.13%	0.00%
Fujian	83,800	99,100	-15,300	49.47%	58.50%	-9.03%
Liaoning	59,000	69,000	-10,000	26.22%	30.66%	-4.44%
Hebei	53,000	134,400	-81,400	29.12%	73.85%	-44.73%
Hubei	37,700	29,200	8,500	82.22%	63.69%	18.54%
Henan	37,550	40,150	-2,600	31.19%	33.35%	-2.16%
Sichuan	29,400	29,400	0	70.00%	70.00%	0.00%
Zhejiang	27,500	43,400	-15,900	31.18%	49.21%	-18.03%
Shaanxi	18,800	30,800	-12,000	61.04%	100.00%	-38.96%
Chongqing	16,800	4,800	12,000	80.00%	22.86%	57.14%
Anhui	16,100	16,100	0	100.00%	100.00%	0.00%
Jilin	14,000	24,500	-10,500	18.18%	31.82%	-13.64%
Shanghai	7,500	17,500	-10,000	28.96%	67.57%	-38.61%
Jiangxi	7,000	7,000	0	58.82%	58.82%	0.00%
Hunan	7,000	7,000	0	35.71%	35.71%	0.00%
Heilongjiang	5,600	5,600	0	3.33%	3.33%	0.00%
Xinjiang	4,200	4,200	0	75.00%	75.00%	0.00%
Shanxi	0	0	0	0.00%	0.00%	0.00%
Inner Mongolia	0	0	0	0.00%	0.00%	0.00%
Total	1,481,250	1,718,750	237,500	43.27%	50.21%	-6.94%

Figure: Trends of Soybean Weekly Crush in China (2014-2018)

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