This week (Oct. 6th-12th), operation rate basically remains unchanged, as most soybean refineries have not restored their production just after the National Day. Soybean crush volume in domestic refineries totals 1,748,600 tonnes (soybean meal 1,381,394 tonnes and soybean oil 332,232 tonnes), up 8,700 tonnes by 0.15% from 1,739,900 last week. The operation rate (capability utilization) is 49.75% this week, up by 0.06% from 49.69% last week. Due to an extremely high operation rate forecast in the next two weeks, the crush volume will jump to 1.90 Mln tonnes next week (Week 42) and to 1.95 Mln tonnes in Week 43.

      Calculated by the current operation rate, national soybean crush volume in October is forecast to hit 8.10 Mln tonnes, higher than 7.97 Mln tonnes last month and 7.56 Mln tonnes of the corresponding period last year.

      Till now, domestic soybean crush volume in 2018/2019 (dating from Oct 1st,2018) totals 2,991,385 tonnes, up 203,928 tonnes by 7.3% from 2,787,457 tonnes in 2017/2018. In 2018 (dating from Jan 1st, 2018), domestic soybean crush volume amounts to 68,430,250 tonnes, down 370,879 tonnes by 0.54% from 68,801,129 tonnes during the same period in 2017.

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

      Details for weekly crush are shown as follows: