I. Stocks, arrivals and machine operation of rapeseed
Till May 25th this week, coastal stockpiles of imported rapeseed are pegged at 608,000 tonnes, up 31,000 tonnes by 5.37% from 577,000 tonnes last week, and vis-a-vis 521,500 tonnes the same week last year, the figure also rises by 16.59%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian now rise to 418,000 tonnes, with a growth of 18.41% from 353,000 tonnes last week, and up 9.71% as compared with 381,000 tonnes year on year. Latest port arrivals of rapeseed in May of year 2018, according to Cofeed’s investigation, are forecast to be 483,000 tonnes and approximately 395,000 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 21
|
Week 20
|
Variation
|
Guangxi
|
17.4
|
19.8
|
-2.4
|
Guangdong
|
15.7
|
5.2
|
10.5
|
Fujian
|
8.7
|
10.3
|
-1.6
|
Kerry, Yingkou
|
7.3
|
8.6
|
-1.3
|
Jiangsu
|
11.7
|
13.8
|
-2.1
|
Total
|
60.8
|
57.7
|
3.1
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till May 25th this week, rapeseed oil stocks in regions have risen from 294,400 tonnes to 297,400 tonnes on the week, growing by 3,000 tonnes or 1.02%. Nevertheless, it is still down 34.45% from 453,700 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 21
|
Week 20
|
Variation
|
Guangxi
|
3.2
|
2.8
|
0.4
|
Guangdong
|
1.95
|
1.7
|
0.25
|
Fujian
|
1.1
|
0.8
|
0.3
|
Kerry, Yingkou
|
0.7
|
0.7
|
0
|
East China
|
22.79
|
23.44
|
-0.65
|
Total
|
29.74
|
29.44
|
0.3
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till May 25th this week, national rapeseed meal stockpiles have seen up to 60,000 tonnes from 54,000 tonnes last week, generally up 6,000 tonnes by 11.11%, yet it is still down 31.03% as compared with 87,000 tonnes on a year-on-year basis. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 21
|
Week 20
|
Variation
|
Guangxi
|
1.6
|
1.5
|
0.1
|
Guangdong
|
1.35
|
1.2
|
0.15
|
Fujian
|
1.55
|
1.7
|
-0.15
|
Kerry, Yingkou
|
0.7
|
0.2
|
0.5
|
Jiangsu
|
0.8
|
0.8
|
0
|
Total
|
6
|
5.4
|
0.6
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly