I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed rise by 11.29% to 684,000 tonnes this week ended on July 13th, about 61,000 tonnes higher as compared to 623,000 tonnes attained last week, and vis-a-vis 676,000 tonnes year on year, it is also up 1.18%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian come into at 539,000 tonnes, up 17.17% from 460,000 tonnes on the week, and up 6.52% as compared with 506,000 tonnes year on year. Latest port arrivals of rapeseed in July of year 2018, according to Cofeed’s investigation, will probably stay at 606,000 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 28
|
Week 27
|
Variation
|
Guangxi
|
22
|
17.4
|
4.6
|
Guangdong
|
23.5
|
9.9
|
13.6
|
Fujian
|
8.4
|
8.7
|
-0.3
|
Kerry, Yingkou
|
3.9
|
4.7
|
-0.8
|
Jiangsu
|
10.6
|
11.6
|
-1
|
Total
|
68.4
|
62.3
|
6.1
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till July 13th this week, rapeseed oil stocks nationwide are cut by 2.5% or 11,200 tonnes to 429,000 tonnes from 440,200 tonnes. Meantime, it is also down 18.7% from 528,000 tonnes year on year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 28
|
Week 27
|
Variation
|
Guangxi
|
5.9
|
5.7
|
0.2
|
Guangdong
|
2.9
|
3.12
|
-0.22
|
Fujian
|
1.6
|
1.9
|
-0.3
|
Kerry, Yingkou
|
1.1
|
0.8
|
0.3
|
East China
|
31.4
|
32.5
|
-1.1
|
Total
|
42.9
|
44.02
|
-1.12
|
Figure 2: Comparison of domestic rapeseed oil stocks yearly
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
National rapeseed meal stockpiles this week ended on July 13th, are curtailed to 26,100 tonnes, generally down 22,900 tonnes by 46.7% from 49,000 tonnes on the week, and as compared with 58,000 tonnes on a year-on-year basis, it is also down 55%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 28
|
Week 27
|
Variation
|
Guangxi
|
1.6
|
1.8
|
-0.2
|
Guangdong
|
0.41
|
1.5
|
-1.09
|
Fujian
|
0
|
0.9
|
-0.9
|
Kerry, Yingkou
|
0.2
|
0
|
0.2
|
Jiangsu
|
0.4
|
0.7
|
-0.3
|
Total
|
2.61
|
4.9
|
-2.29
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
