I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed this week are up to 623,000 tonnes ended on July 6th, about 46,000 tonnes higher than 577,000 tonnes attained last week by 7.97%, and vis-a-vis 655,000 tonnes year on year, it is otherwise down 4.12%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian are increased to 460,000 tonnes from 458,000 tonnes by 0.44% on the week, but down 12.5% as compared with 526,000 tonnes year on year. Latest port arrivals of rapeseed in July of year 2018, according to Cofeed’s investigation, are estimated to be around 660,000 tonnes and approximately 360,000 tonnes in August. 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 27
|
Week 26
|
Variation
|
Guangxi
|
17.4
|
19.3
|
-1.9
|
Guangdong
|
9.9
|
17.2
|
-7.3
|
Fujian
|
8.7
|
9.3
|
-0.6
|
Kerry, Yingkou
|
4.7
|
4.7
|
0
|
Jiangsu
|
11.6
|
7.2
|
4.4
|
Total
|
62.3
|
57.7
|
4.6
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till July 6th this week, rapeseed oil stocks nationwide have risen to 440,200 tonnes from 419,200 tonnes, 21,000 tonnes and 5% above last week. And it is also up 8.02% from 407,500 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 27
|
Week 26
|
Variation
|
Guangxi
|
5.7
|
5.8
|
-0.1
|
Guangdong
|
3.12
|
3.2
|
-0.08
|
Fujian
|
1.9
|
2.05
|
-0.15
|
Kerry, Yingkou
|
0.8
|
1
|
-0.2
|
East China
|
32.5
|
29.87
|
2.63
|
Total
|
44.02
|
41.92
|
2.1
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
Till July 6th this week, national rapeseed meal stockpiles are downsized to 49,000 tonnes, generally down 7,000 tonnes by 12.5% from 56,000 tonnes on the week, and as compared with 64,000 tonnes on a year-on-year basis, it is also down 23.44%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 27
|
Week 26
|
Variation
|
Guangxi
|
1.8
|
1.8
|
0
|
Guangdong
|
1.5
|
1.7
|
-0.2
|
Fujian
|
0.9
|
1.1
|
-0.2
|
Kerry, Yingkou
|
0
|
0.3
|
-0.3
|
Jiangsu
|
0.7
|
0.7
|
0
|
Total
|
4.9
|
5.6
|
-0.7
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
