According to Cofeed, this week (as of Feb. 22nd), details of soybean oil stock and amounts in outstanding contracts are as follows:

 

　　Unit: 0’000 tonne

       

 

　　As operation rate has continued to pick up, soybean crush this week totals 1,566,400 tonnes (meal 1,237,456 tonnes and oil 297,616 tonnes), an increment of 1,055,100 tonnes by 206.3% from 511,300 tonnes last week. Meanwhile, operation rate (capacity utilization) has gone up by 29.77 percentage points to 44.19% from 14.42% last week. Soybean oil inventory has again piled up for rises in operation rate and declines in demand. As of Feb. 22nd, the inventory has totaled 1,337,500 tonnes, up 27,200 tonnes by 2.08% from 1,310,300 tonnes last week, up 600 tonnes by 0.04% from that before the festival, yet down 35,500 tonnes by 2.59% from 1,373,000 tonnes month-on-month.

 

       

　　Fig.: China’s Soybean Oil Stocks in Recent Years