China’s Soybean Crush Weekly (Week 24, 2019)
This week (June 8th-14th), as mills have fractionally cut down their utilization rate, soybean crush reaches a total of 1,726,200 tonnes (meal 1,363,698 tonnes and oil 327,978 tonnes), a reduction of 52,600 tonnes by 2.95% from 1,778,800 tonnes last week. Meanwhile, utilization rate (capacity utilization) has decreased by 1.76 percentage points to 48.32% from 50.08% last week. The crush is predicted to recover with rising utilization in the next two weeks to around 1.82 mln tonnes next week and to 1.83 mln tonnes the following week.
As of this week, soybean crush nationwide totals 59,573,915 tonnes, down 2,546,233 tonnes by 4.09% from 62,120,148 tonnes of the same period last year. In 2019 (as from Jan. 1st, 2019), national soybean crush amounts to?36,422,515 tonnes, down 1,296,913 tonnes by 3.43% from 37,719,428 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush are shown as follows:
