China’s Soybean Crush Weekly (Week 37, 2018)
Given the operation rate comes back to a normal level this week (Sept 8th- 14th), national soybean crush recovers to 1,851,900 tonnes (1,462,211 tonnes of soybean meal, 351,861 tonnes of soybean oil), up 149,600 tonnes from 1,702,300 tonnes attained last week by 8.78%. Meantime, soybean processing rate (capacity utilization) also climbs to 53.02% from 48.73% the prior week, about 4.29 percentage points higher by comparison. Total soybean crush, according to Cofeed, will probably stand at 1.89 Mln tonnes in week 38 next week and at 1.92 Mln tonnes in week 39.
Soybean crush in year 2017/2018 (as from 1 October 2017) now comes into at 85,615,072 tonnes, a rise of 1,355,395 tonnes or 1.6% contrasting with 84,259,677 tonnes in year 2016/17. National soybean crush in calendar year 2018 (as from 1 January 2018) has totaled 61,009,452 tonnes, still 549,427 tonnes or 0.89% lower than 61,558,879 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: