I. Stocks, arrivals and machine operation of rapeseed
Till May 11th this week, coastal stockpiles of imported rapeseed are pegged at 521,000 tonnes, basically down 70,000 tonnes by 11.8% from 591,000 tonnes on the week, and vis-a-vis 556,000 tonnes the same period last year, the figure also decreases by 6.29%. While rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian now plunge to 405,000 tonnes, down 11.76% from 459,000 tonnes last week, but up 12.03% when compared with 361,500 tonnes year on year. Latest port arrivals of rapeseed in May of year 2018, according to Cofeed’s investigation, are estimated to be around 475,000 tonnes and approximately 335,000 tonnes in June. In addition, material supply for the moment is assured. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Stocks (0’000 tonnes)
|
Week 19
|
Week 18
|
Variation
|
Guangxi
|
21.2
|
23.6
|
-2.4
|
Guangdong
|
8
|
9.5
|
-1.5
|
Fujian
|
11.3
|
12.8
|
-1.5
|
Kerry, Yingkou
|
2.8
|
3.4
|
-0.6
|
Jiangsu
|
8.8
|
9.8
|
-1
|
Total
|
52.1
|
59.1
|
-7
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till May 11th this week, rapeseed oil stocks in regions have increased from 297,400 tonnes to 306,200 tonnes, up 8,800 tonnes by 3%. Otherwise, it is still down 32.03% from the corresponding week a year earlier of 450,500 tonnes. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 19
|
Week 18
|
Variation
|
Guangxi
|
3.5
|
3.4
|
0.1
|
Guangdong
|
1.55
|
1.5
|
0.05
|
Fujian
|
0.7
|
0.7
|
0
|
Kerry, Yingkou
|
0.7
|
0.5
|
0.2
|
East China
|
24.17
|
23.64
|
0.53
|
Total
|
30.62
|
29.74
|
0.88
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till May 11th this week, national rapeseed meal stockpiles have increased to 58,800 tonnes from 56,700 tonnes last week, generally up 2,100 tonnes by 3.7%, but it is still down 25.1% if compared with 78,500 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 19
|
Week 18
|
Variation
|
Guangxi
|
2.3
|
2.2
|
0.1
|
Guangdong
|
1
|
1.05
|
-0.05
|
Fujian
|
1.48
|
1.32
|
0.16
|
Kerry, Yingkou
|
0.5
|
0.3
|
0.2
|
Jiangsu
|
0.6
|
0.8
|
-0.2
|
Total
|
5.88
|
5.67
|
0.21
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
