I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed this week ended on June 8th plunge to 498,000 tonnes from 577,000 tonnes last week, slightly down 79,000 tonnes by 13.7%, and vis-a-vis 788,500 tonnes year on year, the figure also decreases by 36.84%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian now fall to 351,000 tonnes, down 14.6% from 411,000 tonnes last week, and down 43.93% as compared with 626,000 tonnes year on year. Latest port arrivals of rapeseed in June of year 2018, according to Cofeed’s investigation, are forecast to be around 395,000 tonnes and approximately 480,000 tonnes in July. Notably, one vessel of rapeseed both in Fangchenggang, Guangxi and Shenheng, Dongguan is to unload immediately, then stockpiles of rapeseed next week will pile up. 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 23
|
Week 22
|
Variation
|
Guangxi
|
18.2
|
20
|
-1.8
|
Guangdong
|
11.6
|
14.1
|
-2.5
|
Fujian
|
5.3
|
7
|
-1.7
|
Kerry, Yingkou
|
7
|
7
|
0
|
Jiangsu
|
7.7
|
9.6
|
-1.9
|
Total
|
49.8
|
57.7
|
-7.9
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till June 8th this week, rapeseed oil stocks in regions have totaled 349,900 tonnes, basically down 6,200 tonnes from 356,100 tonnes last week by 1.74%. Whereas, it is still down 25.44% from 469,300 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 23
|
Week 22
|
Variation
|
Guangxi
|
3.8
|
3.63
|
0.17
|
Guangdong
|
1.7
|
1.99
|
-0.29
|
Fujian
|
2
|
1.4
|
0.6
|
Kerry, Yingkou
|
0.7
|
0.7
|
0
|
East China
|
26.79
|
27.89
|
-1.10
|
Total
|
34.99
|
35.61
|
-0.62
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till June 8th this week, national rapeseed meal stockpiles have decreased to 51,100 tonnes from 63,000 tonnes last week, generally down 11,900 tonnes by 18.89%, but as compared with 69,400 tonnes on a year-on-year basis, it is still up 26.37%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 23
|
Week 22
|
Variation
|
Guangxi
|
1.96
|
2.2
|
-0.24
|
Guangdong
|
0.75
|
1
|
-0.25
|
Fujian
|
1.8
|
1.6
|
0.2
|
Kerry, Yingkou
|
0
|
0.6
|
-0.6
|
Jiangsu
|
0.6
|
0.9
|
-0.3
|
Total
|
5.11
|
6.3
|
-1.19
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
