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Stocks of Rapeseed, Rapeseed Oil and Meal in Coastal Areas and East China (Week 24, 2018)

2018-06-19 www.cofeed.com
I. Stocks, arrivals and machine operation of rapeseed
    Coastal stockpiles of imported rapeseed jump to 700,000 tonnes this week ended on June 15th owing to arrivals of rapeseed, about 202,000 tonnes higher when compared to 498,000 tonnes attained last week by 40.56%. Meantime, vis-a-vis 694,500 tonnes year on year, it is up 0.79%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian climb to 523,000 tonnes, growing by 49% from 351,000 tonnes last week, but still down 8.257% as compared with 570,000 tonnes year on year. Latest port arrivals of rapeseed in June of year 2018, according to Cofeed’s investigation, are forecast to be around 403,000 tonnes and approximately 600,000 tonnes in July. 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 24

Week 23

Variation

Guangxi

20.2

18.2

2

Guangdong

21.5

11.6

9.9

Fujian

10.6

5.3

5.3

Kerry, Yingkou

6.1

7

-0.9

Jiangsu

11.6

7.7

3.9

Total

70

49.8

20.2



                      Figure 1: Comparison of domestic rapeseed stocks yearly

II. Stocks of rapeseed oil and amounts in outstanding contracts
    Till June 15th this week, rapeseed oil stocks nationwide have amounted to 389,000 tonnes, up 39,100 tonnes from 349,900 tonnes last week by 11.17%. Whereas, it is still down 24.3% from 513,900 tonnes year on year. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed Oil Stocks (0’000 tonnes)

 

Week 24

Week 23

Variation

Guangxi

5

3.8

1.2

Guangdong

2.1

1.7

0.4

Fujian

2.2

2

0.2

Kerry, Yingkou

0.9

0.7

0.2

East China

28.7

26.79

1.91

Total

38.9

34.99

3.91

  

                     Figure 2: Comparison of domestic rapeseed oil stocks yearly

III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
    Till June 15th this week, national rapeseed meal stockpiles have seen risen from 51,100 tonnes to 55,200 tonnes on the week, generally up 4,100 tonnes by 8.02%, yet as compared with 63,000 tonnes on a year-on-year basis, it is still down 12.4%. Details for weekly stocks are shown as follows:

Area/Enterprise

Rapeseed Meal Stocks (0’000 tonnes)

 

 Week 24

 Week 23

  Variation

Guangxi

2.6

1.96

0.64

Guangdong

0.62

0.75

-0.13

Fujian

1.7

1.8

-0.1

Kerry, Yingkou

0.1

0

0.1

Jiangsu

0.5

0.6

-0.1

Total

5.52

5.11

0.41



                     Figure 3: Comparison of domestic rapeseed meal stocks yearly