China’s Soybean Crush Weekly (Week 28, 2019)
As the utilization rate remains at a low level in spite of a slight pickup due to swelling soybean meal inventories, soybean crush totals 1,523,600 tonnes (meal 1,203,644 tonnes and oil 289,484 tonnes), an increase of 110,800 tonnes by 7.84% from 1,412,800 tonnes last week. Meanwhile, utilization rate (capacity utilization) is 43.67%, up by 4.3 percentage points from 39.54% last week. The crush is predicted to fall to around 1.48 mln tonnes amid a slight decline in utilization rate next week, but it will climb higher to around 1.65 mln tonnes the following week.
As of this week, soybean crush nationwide totals 66,033,515 tonnes, down 3,327,483 tonnes by 4.79% from 69,360,998 tonnes of the same period last year. In 2019 (as from Jan. 1st, 2019), national soybean crush amounts to?42,882,115 tonnes, down 2,078,163 tonnes by 4.62% from 44,960,278 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush are shown as follows:
