I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed revise downward to 625,000 tonnes this week ended on June 22nd, about 75,000 tonnes lower when compared to 700,000 tonnes attained last week by 10.71%. Meantime, vis-a-vis 689,500 tonnes year on year, it is also down 9.35%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian is down from 523,000 tonnes to 483,000 tonnes by 7.65% on the week, but down 15.85% as compared with 574,000 tonnes year on year. Latest port arrivals of rapeseed in June of year 2018, according to Cofeed’s investigation, are forecast to be around 431,000 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 25
|
Week 24
|
Variation
|
Guangxi
|
20.4
|
20.2
|
0.2
|
Guangdong
|
17.9
|
21.5
|
-3.6
|
Fujian
|
10
|
10.6
|
-0.6
|
Kerry, Yingkou
|
4.7
|
6.1
|
-1.4
|
Jiangsu
|
9.5
|
11.6
|
-2.1
|
Total
|
62.5
|
70
|
-7.5
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till June 22nd this week, rapeseed oil stocks nationwide have risen from 389,000 tonnes to 413,200 tonnes, up 24,200 tonnes by 6.22% on the week. Whereas, it is still down 16.6% from 495,400 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
|
5.7
|
5
|
0.7
|
Guangdong
|
2.85
|
2.1
|
0.75
|
Fujian
|
2.1
|
2.2
|
-0.1
|
Kerry, Yingkou
|
1
|
0.9
|
0.1
|
East China
|
29.67
|
28.7
|
0.97
|
Total
|
41.32
|
38.9
|
2.42
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till June 22nd this week, national rapeseed meal stockpiles have been up to 68,000 tonnes, generally up 12,800 tonnes by 23.19% from 55,200 tonnes on the week, and as compared with 55,400 tonnes on a year-on-year basis, it is still up 22.74%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 25
|
Week 24
|
Variation
|
Guangxi
|
2.7
|
2.6
|
0.1
|
Guangdong
|
1.2
|
0.62
|
0.58
|
Fujian
|
1.4
|
1.7
|
-0.3
|
Kerry, Yingkou
|
0.8
|
0.1
|
0.7
|
Jiangsu
|
0.7
|
0.5
|
0.2
|
Total
|
6.8
|
5.52
|
1.28
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
