China’s Soybean Crush Weekly (Week 18, 2019)
Amid a further drop in utilization rate for machine maintenance and supply disruptions during the May Day holiday, soybean crush this week (Apr. 27th-May 3rd) totals 1,489,850 tonnes (meal 1,176,981 tonnes and oil 283,071 tonnes), a reduction of 170,450 tonnes by 10.26% from 1,660,300 tonnes last week. Meanwhile, utilization rate (capacity utilization) has declined by 4.67 percentage points to42.03% from 46.70% last week. Soybean crush is predicted to be raised to 1.70Mln tonnes next week for and around 1.84 Mln tonnes the following week .
As of this week, soybean crush nationwide totals 48,838,485 tonnes, down 3,582,463 tonnes by 6.83% from 52,420,948 tonnes of the same period last year. In 2019 (as from Jan. 1st, 2019), national soybean crush amounts to?25,687,085 tonnes, down 2,333,143 tonnes by 8.32% from 28,020,228 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush are shown as follows:
