Unit: 0’000 tonne

      This week (Nov. 10th-16th), operation rate for soybean has picked up fractionally, but the pickup falls flat amid swollen soybean meal inventories in some refineries under slow shipment. The crush volume of soybean in oil mills nationwide reaches a total of 1,716,000 tonnes (meal 1,355,640 tonnes and oil 326,040 tonnes), up 18,600 tonnes by 1.09% from 1,697,400 tonnes last week. The operation rate (capability utilization) is 48.99%, up by 0.58% from 48.46% last week. Due to the ongoing swollen inventory of soybean meal and soybean shortage, the crush volume will go down to 1.67 Mln tonnes next week (week 47), but will rise back to 1.75 Mln tonnes in week 48.

      Soybean oil stock just presents a slight decrease as operation rate has picked up fractionally. In addition, shipment is slow in some factories, especially in South China, coupled by over 10,000 tonnes of soybean oil rotation from state storage in a Tianjin plant. As of November 16th, the inventory of soybean oil totals 1,814,400 tonnes, down 4,000 tonnes by 0.22% from 1,818,400 tonnes last week, down 5,600 tonnes by 0.31% from 1,820,000 tonnes month-on-month, yet up 184,400 tonnes by 11.31% from 1,630,000 tonnes year-on-year. And the mean of the same period in recent five years is 1,337,780 tonnes.