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Stocks of Rapeseed, Rapeseed Oil and Meal in Coastal Areas and East China (Week 18, 2018)

2018-05-08 www.cofeed.com
I. Stocks, arrivals and machine operation of rapeseed
    Till May 4th this week, coastal stockpiles of imported rapeseed come into at 591,000 tonnes, basically down 38,000 tonnes by 6.04% from 629,000 tonnes on the week, but vis-a-vis the same period last year, the figure is still up 5.54% from 560,000 tonnes. While rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian now plunge to 459,000 tonnes, down 4.57% from 481,000 tonnes last week, but rising by 9.03% compared with 421,000 tonnes year on year. Latest port arrivals of rapeseed in May of year 2018, according to Cofeed’s investigation are estimated to be around 415,000 tonnes and approximately 240,000 tonnes in June. In addition, material supply for the moment is assured. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed Stocks (0000 tonnes)

 

Week 18

Week 17

Variation

Guangxi

23.6

26.7

-3.1

Guangdong

9.5

12.3

-2.8

Fujian

12.8

9.1

3.7

Kerry, Yingkou

3.4

4

-0.6

Jiangsu

9.8

10.8

-1

Total

59.1

62.9

-3.8



                         Figure 1: Comparison of domestic rapeseed stocks yearly

II. Stocks of rapeseed oil and amounts in outstanding contracts
    Till May 4th this week, rapeseed oil stocks in regions have risen to 297,400 tonnes from 283,400 tonnes last week, up 14,000 tonnes by 4.94%. Otherwise, it is still down 28.68% from the corresponding week a year earlier of 417,000 tonnes. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed Oil Stocks (0000 tonnes)

 

Week 18

Week 17

Variation

Guangxi

3.4

3.4

0

Guangdong

1.5

1.3

0.2

Fujian

0.7

0.45

0.25

Kerry, Yingkou

0.5

0.5

0

East China

23.64

22.69

0.95

Total

29.74

28.34

1.4



                          Figure 2: Comparison of domestic rapeseed oil stocks yearly

III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
    Till May 4th this week, national rapeseed meal stockpiles have increased to 56,700 tonnes from 45,000 tonnes last week, generally up 11,700 tonnes by 26%, but it is still down 24.4% if compared with 7,500 tonnes year on year. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed Meal Stocks (0000 tonnes)

 

Week 18

Week 17

Variation

Guangxi

2.2

1.8

0.4

Guangdong

1.05

0.7

0.35

Fujian

1.32

1

0.32

Kerry, Yingkou

0.3

0.1

0.2

Jiangsu

0.8

0.9

-0.1

Total

5.67

4.5

1.17



                    Figure 3: Comparison of domestic rapeseed meal stocks yearly