China’s Soybean Crush Weekly (Week 25, 2018)

2018-06-26 www.cofeed.com

National soybean crush this week (June 16th- 22nd) is pegged at 1,792,000 tonnes (1,415,680 tonnes of soybean meal, 340,480 tonnes of soybean oil) thanks to improved operation rate nationwide, up 72,400 tonnes by 4.2% vis-a-vis 1,719,600 tonnes last week. Meantime, soybean processing capacity utilization further rises to 51.87%, 2.09 percentage points higher than 49.78 last week. Total soybean crush in week 26 next week, according to Cofeed, will probably climb to 1.88 Mln tonnes and 1.91 Mln tonnes in week 27 based on lifted operation rate.

Soybean crush in year 2017/2018 (as from 1 October 2017) now amounts to 63,862,120 tonnes, up 1,225,053 tonnes by 1.95% contrasting with 62,637,077 tonnes attained in year 2016/17. National soybean crush in calendar year 2018 (as from 1 January 2018) has totaled 39,526,500 tonnes, still 1.26% or 409,779 tonnes lower than 39,936,279 tonnes year on year.

Figure: Trends of Soybean Weekly Crush in China (2014-2018)

Details for weekly crush are shown as follows:

No.	Area	Soybean Crush (mT)			Operation Rate (Capacity Utilization)
		Week 25	Week 24	Variation	Week 25	Week 24	Variation
1	Jiangsu	390,500	391,000	-500	65.09%	65.18%	-0.08%
2	Shandong	322,500	218,600	103,900	53.85%	36.50%	17.35%
3	Guangdong	182,700	162,700	20,000	45.23%	40.28%	4.95%
4	Guangxi	180,600	208,600	-28,000	57.98%	66.97%	-8.99%
5	Tianjin	110,700	126,700	-16,000	73.55%	84.19%	-10.63%
6	Fujian	105,000	120,000	-15,000	61.98%	70.84%	-8.85%
7	Hebei	103,800	104,800	-1,000	57.03%	57.58%	-0.55%
8	Liaoning	92,200	83,500	8,700	40.97%	37.10%	3.87%
9	Henan	73,400	51,200	22,200	60.96%	42.52%	18.44%
10	Hubei	48,000	49,000	-1,000	97.96%	100.00%	-2.04%
11	Zhejiang	38,500	38,500	0	33.13%	33.13%	0.00%
12	Jilin	36,800	43,400	-6,600	47.79%	56.36%	-8.57%
13	Sichuan	24,900	29,400	-4,500	59.29%	70.00%	-10.71%
14	Shaaxi	22,400	22,400	0	72.73%	72.73%	0.00%
15	Chongqing	16,800	12,000	4800	80.00%	57.14%	22.86%
16	Heilongjiang	12,600	12,600	0	7.50%	7.50%	0.00%
17	Anhui	8,400	11,900	-3500	52.17%	73.91%	-21.74%
18	Shanghai	7,500	15,000	-7500	28.96%	57.92%	-28.96%
19	Jiangxi	7,000	7,000	0	58.82%	58.82%	0.00%
20	Xinjiang	4,200	4,200	0	75.00%	75.00%	0.00%
21	Inner Mongolia	3,500	3,500	0	29.41%	29.41%	0.00%
22	Hunan	0	3,600	-3600	0.00%	18.37%	-18.37%
23	Shanxi	0	0	0	0.00%	0.00%	0.00%
	China Total	1,792,000	1719600	-72400	51.87%	49.78%	2.10%

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