China’s Soybean Crush Weekly (Week 23, 2019)
This week (June 1st-7th), mills have fractionally recovered their utilization rate, which is still smaller than forecast due to soybean shortage and machine maintenance, so soybean crush reaches a total of ,1778,800 tonnes (meal 1,405,252 tonnes and oil 337,972 tonnes), an increment of 12,600 tonnes by 0.71% from 1,766,200 tonnes last week. Meanwhile, utilization rate (capacity utilization) has increased by 0.45 percentage points to 50.18% from 49.73% last week. The crush will decline to around 1.70 mln tonnes next week, but will return to 1.80 mln tonnes the following week.
As of this week, soybean crush nationwide totals 57,847,715 tonnes, down2,552,833 tonnes by 4.22% from 60,400,548 tonnes of the same period last year. In 2019 (as from Jan. 1st, 2019), national soybean crush amounts to?34,696,315 tonnes, down 1,303,513 tonnes by 3.62% from 35,999,828 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush are shown as follows:
