China’s Soybean Crush Weekly (Week 51, 2018)
This week (Dec. 15th-21st), operation rate for soybean crush has erased its declines to pick up, for some oil mills have basically resumed their production from soybean shortage and swelling meal inventories after four-consecutive-week digestion. In this case, national soybean crush has come to 1,702,200 tonnes (meal 1,344,738 tonnes and oil 323,418 tonnes), an increment of 96,800 tonnes by 6.02% from 1,605,400 tonnes last week. The operation rate (capacity utilization) has went up by 2.77 percentage points to 48.60% from 45.83% last week. The crush volume will continue to rise in the next two weeks, to around 1.77 Mln tonnes next week (week 52) and to 1.80 Mln tonnes in week 1, 2019.
So far, national soybean crush in 2018/2019 (as from Oct. 1st, 2018) totals 20,615,185 tonnes, down 1,343,813 tonnes by 6.1% from 21,958,998 tonnes of the same period last year. In 2018 (as from Jan. 1st, 2018), national soybean crush amounts to 86,054,050 tonnes, down 1,708,249 tonnes by 1.94% from 87,762,299 tonnes of the same period in 2017.
Fig.: Soybean Weekly Crush in China (2014-2018)
Details for weekly crush are shown as follows:
