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China’s Soybean Crush Weekly (Week 40, 2018)

2018-10-10 www.cofeed.com

      For declining operation rate amid the National Day last week, soybean crush volume in domestic oil mills totals 1,739,900 tonnes (soybean meal 1,374,521 tonnes and soybean oil 330,581), down 254,900 tonnes by 12.773% from ,1994,800 tonnes last week.The operation rate (capacity utilization) for soybean this week is 49.96%, up by 7.28% from 56.97% in the previous week. And the crush volume will be around 1,730,000 tonnes next week (Week 41) due to the downtime in most mills, and it will be as high as 1,900,000 tonnes in week 42.

      Till now, domestic soybean crush volume in 2017/2018 (Oct 1st,2017-Sept 30th, 2018) totals 90,050,487 tonnes, up 1,972,987 tonnes by 2.24% from 88,077,500 tonnes in 2017/2018. In 2018 (dating from Jan 1st, 2018), domestic soybean crush volume amounts to 66,687,652 tonnes, down 377,877 tonnes by 0.56% from 67,065,529 tonnes during the same period in 2017.


      

       Fig.: Soybean Weekly Crush in China (2014-2018)

        

       Details for weekly crush are shown as follows: