I. Stocks, arrivals and machine operation of rapeseed
Till May 18th this week, coastal stockpiles of imported rapeseed come into at 577,000 tonnes, generally up 56,000 tonnes by 10.75% from 521,000 tonnes on the week, and vis-a-vis 470,000 tonnes the same period last year, the figure also rises by 22.77%. Whereas, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian now decrease to 353,000 tonnes, down 12.84% from 405,000 tonnes last week, but still up 20.07% when compared with 294,000 tonnes year on year. Latest port arrivals of rapeseed in May of year 2018, according to Cofeed’s investigation, are estimated to be 473,000 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 20
|
Week 19
|
Variation
|
Guangxi
|
19.8
|
21.2
|
-1.4
|
Guangdong
|
5.2
|
8
|
-2.8
|
Fujian
|
10.3
|
11.3
|
-1
|
Kerry, Yingkou
|
8.6
|
2.8
|
5.8
|
Jiangsu
|
13.8
|
8.8
|
5
|
Total
|
57.7
|
52.1
|
5.6
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till May 18th this week, rapeseed oil stocks in regions have downsized to 294,400 tonnes from 306,200 tonnes on the week, with a reduction of 11,800 tonnes by 3.85%. As such, it is still down 35.3% from 455,000 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 20
|
Week 19
|
Variation
|
Guangxi
|
2.8
|
3.5
|
-0.7
|
Guangdong
|
1.7
|
1.55
|
0.15
|
Fujian
|
0.8
|
0.7
|
0.1
|
Kerry, Yingkou
|
0.7
|
0.7
|
0
|
East China
|
23.44
|
24.17
|
-0.73
|
Total
|
29.44
|
30.62
|
-1.18
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till May 18th this week, national rapeseed meal stockpiles have shriveled to 54,000 tonnes from 58,800 tonnes last week, generally down 4,800 tonnes by 8.16%, and meantime it is also down 3.63% if compared with 84,800 tonnes on a year-on-year basis. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 20
|
Week 19
|
Variation
|
Guangxi
|
1.5
|
2.3
|
-0.8
|
Guangdong
|
1.2
|
1
|
0.2
|
Fujian
|
1.7
|
1.48
|
0.22
|
Kerry, Yingkou
|
0.2
|
0.5
|
-0.3
|
Jiangsu
|
0.8
|
0.6
|
0.20
|
Total
|
5.4
|
5.88
|
-0.48
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
