China’s Soybean Crush Weekly (Week 35, 2018)

2018-09-03 www.cofeed.com

The operation rate falls further this week (Aug. 25th- 31st) as more and more mills have to suspend operation for machine overhaul near the end of August. Consequently, national soybean crush is cut to 1,858,410 tonnes (1,468,143 tonnes of soybean meal, 353,097 tonnes of soybean oil), down 57,290 tonnes or 2.99% from 1,915,700 tonnes last week. Meantime, soybean processing rate (capacity utilization) also declines from 54.84% to 53.20% on the week, about 1.64 percentage points lower. Total soybean crush, according to Cofeed, will probably come into at 1.75 Mln tonnes in week 36 next week and at 1.87 Mln tonnes in week 36 on grounds that machine overhaul is to continue next week with lowered operation rate.

Soybean crush in year 2017/2018 (as from 1 October 2017) now amounts to 82,060,872 tonnes, a rise of 1,575,795 tonnes or 1.9% as compared to 80,485,077 tonnes in year 2016/17. National soybean crush in calendar year 2018 (as from 1 January 2018) has totaled 57,455,252 tonnes, still 329,027 tonnes or 0.56% lower than 57,784,279 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 35	Week 34	Var.	Week 35	Week 34	Var.
1	Jiangsu	374,000	400,000	-26,000	62.34%	66.68%	-4.33%
2	Shandong	339,900	335,400	4,500	56.76%	56.01%	0.75%
3	Guangdong	198,400	212,100	-13,700	49.12%	52.51%	-3.39%
4	Guangxi	190,200	197,400	-7,200	61.06%	63.37%	-2.31%
5	Liaoning	144,500	124,000	20,500	55.57%	47.68%	7.88%
6	Tianjin	137,000	122,500	14,500	91.03%	81.40%	9.63%
7	Hebei	122,310	150,500	-28,190	67.20%	82.69%	-15.49%
8	Fujian	94,500	105,500	-11,000	55.79%	62.28%	-6.49%
9	Henan	51,800	52,000	-200	43.02%	43.19%	-0.17%
10	Hubei	47,500	42,500	5,000	90.48%	80.95%	9.52%
11	Zhejiang	29,400	39,000	-9,600	25.30%	33.56%	-8.26%
12	Jilin	28,000	28,000	0	36.36%	36.36%	0.00%
13	Shaanxi	26,000	30,800	-4,800	84.42%	100.00%	-15.58%
14	Sichuan	20,000	26,300	-6,300	47.62%	62.62%	-15.00%
15	Anhui	16,800	16,800	0	104.35%	104.35%	0.00%
16	Heilongjiang	10,600	10,600	0	6.31%	6.31%	0.00%
17	Chongqing	10,000	0	10,000	47.62%	0.00%	47.62%
18	Jiangxi	7,000	7,000	0	58.82%	58.82%	0.00%
19	Hunan	7,000	11,800	-4,800	35.71%	60.20%	-24.49%
20	Inner Mongolia	3,500	3,500	0	29.41%	29.41%	0.00%
21	Shanghai	0	0	0	0.00%	0.00%	0.00%
22	Shanxi	0	0	0	0.00%	0.00%	0.00%
23	Xinjiang	0	0	0	0.00%	0.00%	0.00%
	China Total	1,858,410	1,915,700	-57,290	53.20%	54.84%	-1.64%

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