China’s Rapeseed Crush Weekly (Week 32, 2018)
Rapeseed crush of 101 mills counted in the national survey this week (Aug3rd- 10th) is revised downward to 105,740 tonnes, basically down 4,000 tonnes by 3.64% from 109,740 tonnes attained last week after rapeseed processing rate edges down in coastal areas. Meantime the operation rate for rapeseed crush (capacity utilization) this week also fall slightly to 21.1% from 21.9% last week, among which the operation rate of domestic rapeseed still stabilizes at 2.14% and that of imported rapeseed in coastal processing mills slips to 48.43% from 50.36% this week. Generally speaking, rapeseed crush is expected to reach 116,000 tonnes and then edge down to 112,000 tonnes in the following two weeks in wake of resumed operation in some mills.
Figure 1: Rapeseed Weekly Crush in China (Week 1, 2016- Week 32, 2018)
Figure 2: Rapeseed Operating Rate in China (Week 1, 2014- Week 32, 2018)