China’s Soybean Crush Weekly (Week 36, 2018)

2018-09-10 www.cofeed.com

The operation rate goes further down this week (Sept 1st- 7th) as more and more mills suspend operation for machine overhaul. Consequently, national soybean crush shrinks to 1,702,300 tonnes (1,344,817 tonnes of soybean meal, 323,437 tonnes of soybean oil), which sees a reduction of 156,110 tonnes or 8.4% from 1,858,410 tonnes attained last week. Meantime, soybean processing rate (capacity utilization) also drops to 48.73% from 53.20% on the week, about 4.47 percentage points lower. Total soybean crush, according to Cofeed, will probably settle at 1.87 Mln tonnes in week 36 next week and at 1.91 Mln tonnes in week 37 provided if some mills restart operation next week.

Soybean crush in year 2017/2018 (as from 1 October 2017) now is pegged at 83,763,172 tonnes, a rise of 1,458,995 tonnes or 1.77% as compared to 82,304,177 tonnes in year 2016/17. National soybean crush in calendar year 2018 (as from 1 January 2018) has totaled 59,157,552 tonnes, still 445,827 tonnes or 0.74% lower than 59,603,379 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 36	Week 35	Var.	Week 36	Week 35	Var.
1	Shandong	326,300	339,900	-13,600	54.49%	56.76%	-2.27%
2	Jiangsu	307,500	374,000	-66,500	51.26%	62.34%	-11.09%
3	Guangdong	235,700	198,400	37,300	58.36%	49.12%	9.23%
4	Guangxi	143,600	190,200	-46,600	46.10%	61.06%	-14.96%
5	Liaoning	124,000	144,500	-20,500	47.68%	55.57%	-7.88%
6	Tianjin	109,500	137,000	-27,500	72.76%	91.03%	-18.27%
7	Fujian	108,000	94,500	13,500	63.75%	55.79%	7.97%
8	Hubei	52,500	47,500	5,000	100.00%	90.48%	9.52%
9	Hebei	50,000	122,310	-72,310	27.47%	67.20%	-39.73%
10	Henan	48,000	51,800	-3,800	39.87%	43.02%	-3.16%
11	Zhejiang	38,900	29,400	9,500	33.48%	25.30%	8.18%
12	Sichuan	33,100	20,000	13,100	78.81%	47.62%	31.19%
13	Jilin	28,000	28,000	0	36.36%	36.36%	0.00%
14	Shaanxi	26,000	26,000	0	84.42%	84.42%	0.00%
15	Hunan	17,800	7,000	10,800	90.82%	35.71%	55.10%
16	Chongqing	17,500	10,000	7,500	83.33%	47.62%	35.71%
17	Anhui	16,800	16,800	0	104.35%	104.35%	0.00%
18	Heilongjiang	10,600	10,600	0	6.31%	6.31%	0.00%
19	Jiangxi	7,000	7,000	0	58.82%	58.82%	0.00%
20	Inner Mongolia	1,500	3,500	-2,000	12.61%	29.41%	-16.81%
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	1,702,300	1,858,410	-156,110	48.73%	53.20%	-4.47%

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