I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed ended Sept. 7th are seen increased to 600,000 tonnes, up 4,000 tonnes from 596,000 tonnes last week by 0.67%, and surprisingly up 50% over 400,000 tonnes year on year. Nevertheless, rapeseed in such regions as Guangxi, Guangdong and Fujian is downsized to 420,000 tonnes from 438,000 tonnes attained last week in stocks by 4.1%; yet it is otherwise up 41.9% in stocks vis-a-vis 296,000 tonnes the same week of prior year. Latest port arrivals of rapeseed in September of year 2018, according to Cofeed’s investigation, will probably settle at 512,000 tonnes and approximately 420,000 tonnes in October. In addition, material supply for the moment is assured. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Stocks (0’000 T)
|
|
Week 36
|
Week 35
|
Var.
|
Guangxi
|
10.4
|
13.4
|
-3
|
Guangdong
|
26.3
|
24.1
|
2.2
|
Fujian
|
5.3
|
6.3
|
-1
|
Kerry, Yingkou
|
5.2
|
5.2
|
0
|
Jiangsu
|
12.8
|
10.6
|
2.2
|
Total
|
60
|
59.6
|
0.4
|
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till Sept. 7th this week, rapeseed oil nationwide is shriveled to 531,800 tonnes, generally down 12,900 tonnes from 544,700 tonnes last week in stocks by 2.37%, and down 2.93% from 547,850 tonnes on a year-on-year basis. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 T)
|
|
Week 36
|
Week 35
|
Var.
|
Guangxi
|
8.58
|
8.6
|
-0.02
|
Guangdong
|
4.6
|
4.82
|
-0.22
|
Fujian
|
1.70
|
1.85
|
-0.15
|
Kerry, Yingkou
|
1.1
|
1.3
|
-0.2
|
East China
|
37.2
|
3.79
|
-0.7
|
Total
|
53.18
|
54.47
|
-1.29
|
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 Sept. 7th is also cut to 33,500 tonnes in stocks, about 9,500 tonnes and 22.09% lower than 43,000 tonnes last week, and it is also down 13.2% from 38,600 tonne the same week last year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 T)
|
|
Week 36
|
Week 35
|
Var.
|
Guangxi
|
1.75
|
2.4
|
-0.65
|
Guangdong
|
1.4
|
1.6
|
-0.2
|
Fujian
|
0
|
0
|
0
|
Kerry, Yingkou
|
0
|
0.1
|
-0.1
|
Jiangsu
|
0.2
|
0.2
|
0
|
Total
|
3.35
|
4.3
|
-0.95
|
Figure 3: China’s Rapeseed Meal Stocks in Recent Years
