I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed are cut to 638,000 tonnes ended on Aug. 10th, down 37,000 tonnes or 5.48% compared to 675,000 tonnes attained last week, and vis-a-vis 513,000 tonnes year on year, it is also up 24.37%. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian fall to 474,000 tonnes, about 14.29% lower than 553,000 tonnes on the week, yet 28.8% higher than 368,000 tonnes on the year. Latest port arrivals of rapeseed in August of year 2018, according to Cofeed’s investigation, will probably stay at 483,000 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 32
|
Week 31
|
Var.
|
Guangxi
|
20.7
|
23.1
|
-2.4
|
Guangdong
|
17.6
|
21.9
|
-4.3
|
Fujian
|
9.1
|
10.3
|
-1.2
|
Kerry, Yingkou
|
7.8
|
2
|
5.8
|
Jiangsu
|
8.6
|
10.2
|
-1.6
|
Total
|
63.8
|
67.5
|
-3.7
|
Figure 1: Comparison of domestic rapeseed stocks yearly
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till Aug. 10th this week, rapeseed oil stocks nationwide have risen to 507,200 tonnes, about 4.25% or 20,700 tonnes higher than 486,500 tonne attained last week. Meantime, vis-a-vis 556,350 tonnes on a year-on-year basis, it is also up 1.6%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 32
|
Week 31
|
Var.
|
Guangxi
|
7
|
6.8
|
0.2
|
Guangdong
|
4.27
|
3.9
|
0.37
|
Fujian
|
1.75
|
1.25
|
0.5
|
Kerry, Yingkou
|
1
|
1.2
|
-0.2
|
East China
|
36.7
|
35.5
|
1.2
|
Total
|
50.72
|
48.65
|
2.07
|
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 Aug. 10th are cut to 40,900 tonnes from 48,000 tonnes, generally down 7,100 tonnes by 14.8% on the week, and as compared with 41,000 tonnes on a year-on-year basis, it is also down 0.24%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 32
|
Week 31
|
Var.
|
Guangxi
|
1.84
|
2.8
|
-0.96
|
Guangdong
|
1.5
|
1.5
|
0
|
Fujian
|
0
|
0
|
0
|
Kerry, Yingkou
|
0.1
|
0
|
0.1
|
Jiangsu
|
0.65
|
0.5
|
0.15
|
Total
|
4.09
|
4.8
|
-0.71
|
Figure 3: Comparison of domestic rapeseed meal stocks yearly
