China’s Soybean Crush Weekly (Week 12, 2019)
Amid recovery in operation rate, soybean crush this week (Mar. 16th-22nd) totals 1,609,750 tonnes (meal 1,271,702tonnes and oil 305,852 tonnes), an increment of 93,950 tonnes by 6.19% from 1,515,800 tonnes last week. Meanwhile, operation rate (capacity utilization) has gone up by 2.65 percentage points to 45.41%% from 42.76% last week. Most oil mills have resumed their production as soybean meal inventory has relieved its pressure entering the second half of March, so soybean crush will climb to 1.71 Mln tonnes and 1.75 Mln tonnes respectively in the coming two weeks.
As of this week, soybean crush nationwide totals 38,904,435 tonnes, down 3,832,713 tonnes by 8.96% from 42,737,148 tonnes of the same period last year. In 2019 (as from Jan. 1st, 2019), national soybean crush amounts to 15,753,035 tonnes, down 2,583,393 tonnes by 14.08% from 18,336,428 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush are shown as follows:
