China’s Soybean Crush Weekly (Week 50, 2018)
This week (Dec. 8th-14th), as operation rate has dropped for four consecutive weeks due to soybean shortages and swelling inventories, national soybean crush totals 1,605,400 tonnes (meal 1,268,266 tonnes and oil 305,026 tonnes), down 63,600 tonnes by 3.8% from 1,669,000 tonnes last week. In the meantime, the operation rate (capacity utilization ) is 45.83%, down by 1.82% from 47.65% last week. But it will pick up fractionally amid easing soybean meal stocks to a total crush volume of 1.70 Mln tonnes next week (week 51) and to 1.78 Mln tonnes in week 52.
So far, national soybean crush in 2018/2019 (as from Oct. 1st, 2018) totals 18,912,985 tonnes, down 974,963 tonnes by 4.9% from 19,887,948 tonnes of the same period last year. In 2018 (as from Jan. 1st, 2018), national soybean crush amounts to 84,351,850 tonnes, down 1,339,399 tonnes by 1.56% from 85,691,249 tonnes of the same period in 2017.
Fig.: Soybean Weekly Crush in China (2014-2018)
Details for weekly crush are shown as follows:
