China’s Soybean Crush Weekly (Week 32, 2018)

2018-08-13 www.cofeed.com

Stricken by hot spell these days, some mills in Tianjin and Shandong have to suspend or limit production upon electricity rationing and production cut notice to ensure electricity utilization for people’s livelihood. As such, national soybean crush this week (Aug. 3rd- 10th) is revised downward to 1,711,350 tonnes (1,351,966 tonnes of soybean meal, 325,156 tonnes of soybean oil), down 54,750 tonnes by 3.1% from 1,766,100 tonnes on the week. Meantime, soybean processing rate (capacity utilization) also slips from 51.12% to 49.54% on the week, about 1.58% percentage points lower. Total soybean crush in week 33 next week, according to Cofeed, will probably reach 1.80 Mln tonnes and even 1.90 Mln tonnes in week 34 for electricity rationing is to lift next week when Autumn comes.

Soybean crush in year 2017/2018 (as from 1 October 2017) now amounts to 76,334,970 tonnes, a rise of 1,243,893 tonnes or 1.65% as compared to 75,091,077 tonnes in year 2016/17. National soybean crush in calendar year 2018 (as from 1 January 2018) has totaled 51,729,350 tonnes, still 1.26% or 660,929 tonnes lower than 52,390,279 tonnes on a year-on-year basis.

Figure: Trends of Soybean Weekly Crush in China (2014-2018)

Details for weekly crush are shown as follows:

No	Area	Soybean Crush (mT)			Operation Rate (Capacity Utilization)
		Week 32	Week 31	Var.	Week 32	Week 31	Var.
1	Jiangsu	321,000	347,000	-26,000	53.51%	57.84%	-4.33%
2	Shandong	281,700	310,500	-28,800	47.04%	51.85%	-4.81%
3	Guangdong	257,100	213,400	43,700	63.65%	52.83%	10.82%
4	Guangxi	152,400	151,000	1,400	48.92%	48.48%	0.45%
5	Fujian	121,200	117,600	3,600	71.55%	69.42%	2.13%
6	Liaoning	92,300	61,500	30,800	41.01%	27.33%	13.69%
7	Hebei	83,650	102,500	-18,850	45.96%	56.32%	-10.36%
8	Henan	78,400	71,400	7,000	65.12%	59.30%	5.81%
9	Tianjin	67,500	117,800	-50,300	44.85%	78.27%	-33.42%
10	Zhejiang	63,400	71,400	-8,000	54.56%	61.45%	-6.88%
11	Hubei	52,500	40,000	12,500	107.14%	81.63%	25.51%
12	Sichuan	37,100	35,100	2,000	88.33%	83.57%	4.76%
13	Shaanxi	21,600	22,400	-800	70.13%	72.73%	-2.60%
14	Chongqing	17,500	17,500	0	83.33%	83.33%	0.00%
15	Shanghai	15,000	17,500	-2,500	57.92%	67.57%	-9.65%
16	Heilongjiang	12,600	12,600	0	7.50%	7.50%	0.00%
17	Jilin	12,000	31,000	-19,000	15.58%	40.26%	-24.68%
18	Anhui	8,400	8,400	0	52.17%	52.17%	0.00%
19	Jiangxi	7,000	7,000	0	58.82%	58.82%	0.00%
20	Hunan	7,000	7,000	0	35.71%	35.71%	0.00%
21	Inner Mongolia	2,000	3,500	-1,500	16.81%	29.41%	-12.61%
22	Shanxi	0	0	0	0.00%	0.00%	0.00%
23	Xinjiang	0	0	0	0.00%	0.00%	0.00%
	China Total	1,711,350	1,766,100	-54750	49.54%	51.12%	-1.58%

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