I. Stocks, arrivals and machine operation of rapeseed
Coastal stockpiles of imported rapeseed ended Sept. 14th are shrunken from 600,000 tonnes to 547,000 tonnes, about 5,300 tonnes and 8.8% less by comparison, yet still up 25.9% contrasting with 434,500 tonnes year on year. Rapeseed in such regions as Guangxi, Guangdong and Fujian is downsized to 400,000 tonnes from 420,000 tonnes last week in stocks by 4.76%; yet it is otherwise up 20.12% in stocks vis-a-vis 333,000 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 457,000 tonnes and approximately 480,000 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 37
|
Week 36
|
Var.
|
Guangxi
|
10.5
|
10.4
|
0.1
|
Guangdong
|
25
|
26.3
|
-1.3
|
Fujian
|
4.5
|
5.3
|
-0.8
|
Kerry, Yingkou
|
3.8
|
5.2
|
-1.4
|
Jiangsu
|
10.9
|
12.8
|
-1.9
|
Total
|
54.7
|
60
|
-5.3
|
Figure 1: China’s Rapeseed Stocks in Recent Years
II. Stocks of rapeseed oil and amounts in outstanding contracts
Till Sept. 14th this week, rapeseed oil nationwide is cut from 531,800 tonnes to 528,800 tonnes, about 3,000 tonnes and 0.56% less in stocks by comparison, and down 0.43% from 526,500 tonnes on a year-on-year basis. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Oil Stocks (0’000 T)
|
|
Week 37
|
Week 36
|
Var.
|
Guangxi
|
8.58
|
8.58
|
0
|
Guangdong
|
4.3
|
4.6
|
-0.3
|
Fujian
|
1.7
|
1.7
|
0
|
Kerry, Yingkou
|
1.7
|
1.1
|
0.6
|
East China
|
36.6
|
37.2
|
-0.6
|
Total
|
52.88
|
53.18
|
-0.3
|
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. 14th otherwise builds up into 35,000 tonnes in stocks, up 1,500 tonnes from 33,500 tonnes the prior week, yet down 13.4% from 40,400 tonnes the corresponding week last year. Details for weekly stocks are shown as follows:
Area/Enterprise
|
Rapeseed Meal Stocks (0’000 T)
|
|
Week 37
|
Week 36
|
Var.
|
Guangxi
|
1.9
|
1.75
|
0.15
|
Guangdong
|
1.1
|
1.4
|
-0.3
|
Fujian
|
0
|
0
|
0
|
Kerry, Yingkou
|
0.2
|
0
|
0.2
|
Jiangsu
|
0.3
|
0.2
|
0.1
|
Total
|
3.5
|
3.35
|
0.15
|
Figure 3: China’s Rapeseed Meal Stocks in Recent Years