I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed come into at 577,000 tonnes this week ended on June 1st, slightly down 31,000 tonnes by 5.1% from 608,000 tonnes last week, and vis-a-vis 649,000 tonnes year on year, the figure also decreases by 11.09%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian now plunge to 411,000 tonnes, down 1.67% from 418,000 tonnes last week, and down 9.97% as compared with 456,500 tonnes year on year. Latest port arrivals of rapeseed in May of year 2018, according to Cofeed’s investigation, are forecast to be around 423,000 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 22
|
Week 21
|
Variation
|
Guangxi
|
20
|
17.4
|
2.6
|
Guangdong
|
14.1
|
15.7
|
-1.6
|
Fujian
|
7
|
8.7
|
-1.7
|
Kerry, Yingkou
|
7
|
7.3
|
-0.3
|
Jiangsu
|
9.6
|
11.7
|
-2.1
|
Total
|
57.7
|
60.8
|
-3.1
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till June 1st this week, rapeseed oil stocks in regions have totaled 356,100 tonnes, up 58,700 tonnes from 297,400 tonnes last week by 19.74%. Whereas, it is still down 21.82% from 455,500 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 22
|
Week 21
|
Variation
|
Guangxi
|
3.63
|
3.2
|
0.43
|
Guangdong
|
1.99
|
1.95
|
0.04
|
Fujian
|
1.4
|
1.1
|
0.3
|
Kerry, Yingkou
|
0.7
|
0.7
|
0
|
East China
|
27.89
|
22.79
|
5.1
|
Total
|
35.61
|
29.74
|
5.87
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till June 1st this week, national rapeseed meal stockpiles have seen further increased to 63,000 tonnes from 60,000 tonnes last week, generally up 3,000 tonnes by 5%, yet as compared with 63,300 tonnes on a year-on-year basis, it is still slightly down 0.47% . Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 22
|
Week 21
|
Variation
|
Guangxi
|
2.2
|
1.6
|
0.6
|
Guangdong
|
1
|
1.35
|
-0.35
|
Fujian
|
1.6
|
1.55
|
0.05
|
Kerry, Yingkou
|
0.6
|
0.7
|
-0.1
|
Jiangsu
|
0.9
|
0.8
|
0.1
|
Total
|
6.3
|
6
|
0.3
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly