China’s Soybean Crush Weekly (Week 48, 2018)

2018-12-03 www.cofeed.com

This week (Nov. 24th-30th), operation rate has dropped slightly, for some oil mills have had to halt for swelling soybean meal inventories under slow shipment and some others have stopped for maintenance. The crush volume of soybean in oil mills nationwide totals 1,690,000 tonnes (meal 1,335,100 tonnes and oil 32,110 tonnes), down 4,800 tonnes by 0.28% from 1,694,800 tonnes last week. The operation rate (capability utilization) is 48.25%, down by 0.13% from 48.38% last week. The crush volume will average at around 1.70 Mln tonnes in the next two weeks.

So far, domestic soybean crush volume in 2018/2019 (dating from Oct 1st, 2018) totals 15,638,585 tonnes, down 340,763 tonnes by 2.13% from 15,979,348 tonnes a year earlier. In 2018 (dating from Jan 1st, 2018), domestic soybean crush volume amounts to 81,077,450 tonnes, down 705,199 tonnes by 0.86% from 81,782,649 tonnes of the same period in 2017.

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

Details for weekly crush are shown as follows:

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