China’s Soybean Crush Weekly (Week 19, 2019)
Amid a pickup in utilization rate, soybean crush this week (May 4th-10th) totals 1,671,200 tonnes (meal 1,320,248 tonnes and oil 317,528 tonnes), an increment of 181,350 tonnes by 12.1% from 1,489,850 tonnes last week. Meanwhile, utilization rate (capacity utilization) has increased by 5.03 percentage points to 42.02% from 47.05% last week. The utilization rate for soybean crush will reach high levels in the coming two weeks as oil mills are keeping their equipment operating for profitable South American crops, so soybean crush may increase to 1.85 mln tonnes next week and to 1.90 mln tonnes the following week.
As of this week, soybean crush nationwide totals 50,509,415 tonnes, down 3,377,783 tonnes by 6.26% from 53,887,198 tonnes of the same period last year. In 2019 (as from Jan. 1st, 2019), national soybean crush amounts to?27,358,015 tonnes, down 2,128,463 tonnes by 7.21% from 29,486,478 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush are shown as follows:
