I. Stocks, arrivals and machine operation of rapeseed
In the week ended on August 3rd, coastal stockpiles of imported rapeseed increase to 675,000 tonnes, a rise of 26,000 or 4% vis-a-vis 649,000 tonnes last week, and contrasting with 553,500 tonnes year on year, it is also up 21.9%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian climb to 553,000 tonnes, up 1.1% from 547,000 tonnes on the week and up 46.5% from 387,000 tonnes on the year. Latest port arrivals of rapeseed in August of year 2018, according to Cofeed’s investigation, are expected to be 480,000 tonnes and approximately 300,000 tonnes in September. 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 31
|
Week 30
|
Variation
|
Guangxi
|
23.1
|
20.5
|
2.6
|
Guangdong
|
21.9
|
26.2
|
-4.3
|
Fujian
|
10.3
|
8
|
2.3
|
Kerry, Yingkou
|
2
|
2
|
0
|
Jiangsu
|
10.2
|
8.2
|
2
|
Total
|
67.5
|
64.9
|
2.6
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till August 3rd this week, rapeseed oil stocks nationwide have risen to 486,500 tonnes, about 0.47% or 2,300 tonnes higher than 484,200 tonnes tonnes attained last week. Nonetheless, vis-a-vis 507,550 tonnes on a year-on-year basis, it is still down 4.14%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks
(0’000 tonnes)
|
|
Week 31
|
Week 30
|
Variation
|
Guangxi
|
6.8
|
6.3
|
0.5
|
Guangdong
|
3.9
|
3.82
|
0.08
|
Fujian
|
1.25
|
1.3
|
-0.05
|
Kerry, Yingkou
|
1.2
|
1.6
|
-0.4
|
East China
|
35.5
|
35.4
|
0.1
|
Total
|
48.65
|
48.42
|
0.23
|
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 August 3rd, rise from 39,500 tonnes to 48,000 tonnes, generally up 21.5% on the week, and as compared with 39,400 tonnes on a year-on-year basis, it is also up 21.8%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 31
|
Week 30
|
Variation
|
Guangxi
|
2.8
|
2.3
|
0.5
|
Guangdong
|
1.5
|
1.2
|
0.3
|
Fujian
|
0
|
0
|
0
|
Kerry, Yingkou
|
0
|
0.1
|
-0.1
|
Jiangsu
|
0.5
|
0.35
|
0.15
|
Total
|
4.8
|
3.95
|
0.85
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
