I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed amount to 708,000 tonnes ended on Aug. 24th, up 3,000 tonnes by 0.43% over 705,000 tonnes attained last week, and up 35.6% vis-a-vis 522,000 tonnes year on year. Correspondingly, rapeseed stockpiles in such regions as Guangxi, Guangdong and Fujian also ascend to 541,000 tonnes, about 6.71% higher than 507,000 tonnes on the week, and 31.6% higher than 411,000 tonnes on the year. Latest port arrivals of rapeseed in August of year 2018, according to Cofeed’s investigation, will come into at 494,000 tonnes and approximately 510,000 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 34
|
Week 33
|
Var.
|
Guangxi
|
18.2
|
17
|
1.2
|
Guangdong
|
28.6
|
25.5
|
3.1
|
Fujian
|
7.3
|
8.2
|
-0.9
|
Kerry, Yingkou
|
6.1
|
7
|
-0.9
|
Jiangsu
|
10.6
|
12.8
|
-2.2
|
Total
|
70.8
|
70.5
|
0.3
|
Figure 1: China’s Rapeseed Stocks in Recent Years
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till Aug. 24th this week, rapeseed oil nationwide have been up from 532,300 tonnes last week to 551,900 tonnes in stocks, with a rise of 19,600 tonnes and 3.7%. Whereas, contrasting with 552,800 tonnes a year earlier, it is otherwise down 0.2%. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 tonnes)
|
|
Week 34
|
Week 33
|
Var.
|
Guangxi
|
8.4
|
7.2
|
1.2
|
Guangdong
|
4.49
|
4.53
|
-0.04
|
Fujian
|
1.8
|
1.8
|
0
|
Kerry, Yingkou
|
1.5
|
1.3
|
0.2
|
East China
|
39
|
38.4
|
0.6
|
Total
|
55.19
|
53.23
|
1.96
|
Figure 2: China’s Rapeseed Oil Stocks in Recent Years
III. Coastal stocks of rapeseed meal and amounts in outstanding contracts
National rapeseed meal this week ended on Aug. 24th total 47,400 tonnes in stocks, generally up 3,800 tonnes from 43,600 tonnes last week by 8.7%, and it is surprisingly up 86.6% over 25,400 tonnes on a year-on-year basis. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 tonnes)
|
|
Week 34
|
Week 33
|
Var.
|
Guangxi
|
2.24
|
2.04
|
0.2
|
Guangdong
|
1.5
|
1.42
|
0.08
|
Fujian
|
0
|
0
|
0
|
Kerry, Yingkou
|
0.6
|
0.5
|
0.1
|
Jiangsu
|
0.4
|
0.4
|
0
|
Total
|
4.74
|
4.36
|
0.38
|
Figure 3: China’s Rapeseed Meal Stocks in Recent Years
