I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed this week are further down to 577,000 tonnes ended on June 29th, about 48,000 tonnes lower as compared to 625,000 tonnes attained last week by 7.68%, and vis-a-vis 575,000 tonnes year on year, it is otherwise up 0.35%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian are shriveled to 458,000 tonnes from 483,000 tonnes by 5.18% on the week, and down 4.08% as compared with 477,500 tonnes year on year. Latest port arrivals of rapeseed in June of year 2018, according to Cofeed’s investigation, are revised to be around 311,000 tonnes and approximately 720,000 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 26
|
Week 25
|
Variation
|
Guangxi
|
19.3
|
20.4
|
-1.1
|
Guangdong
|
17.2
|
17.9
|
-0.7
|
Fujian
|
9.3
|
10
|
-0.7
|
Kerry, Yingkou
|
4.7
|
4.7
|
0
|
Jiangsu
|
7.2
|
9.5
|
-2.3
|
Total
|
57.7
|
62.5
|
-4.8
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till June 29th this week, rapeseed oil stocks nationwide have been up to 419,200 tonnes from 413,200 tonnes, 6,000 tonnes and 1.45% above last week. Whereas, it is still down 13.12% from 482,500 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 26
|
Week 25
|
Variation
|
Guangxi
|
5.8
|
5.7
|
0.1
|
Guangdong
|
3.2
|
2.85
|
0.35
|
Fujian
|
2.05
|
2.1
|
-0.05
|
Kerry, Yingkou
|
1
|
1
|
0
|
East China
|
29.87
|
29.67
|
0.2
|
Total
|
41.92
|
41.32
|
0.6
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till June 29th this week, national rapeseed meal stockpiles are curtailed to 56,000 tonnes, generally down 12,000 tonnes by 17.65% from 68,000 tonnes on the week, but as compared with 70,000 tonnes on a year-on-year basis, it is still up 20%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 26
|
Week 25
|
Variation
|
Guangxi
|
1.8
|
2.7
|
-0.9
|
Guangdong
|
1.7
|
1.2
|
0.5
|
Fujian
|
1.4
|
1.1
|
0.3
|
Kerry, Yingkou
|
0.3
|
0.8
|
-0.5
|
Jiangsu
|
0.7
|
0.7
|
0
|
Total
|
5.6
|
6.8
|
-1.2
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
