This week (Dec. 14-20), with a further rise in operation rates, soybean crush at domestic mills totals 1,856,500 tonnes (meal 1,466,635 tonnes and oil 352,735 tonnes), up 189,500 tonnes or 11.36% from 1,667,000 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 50.91%, up 5.19 percentage points from 45.72% in the previous week. Soybean crush is predicted to continue the upward trend to 1.88 mln tonnes next week and to 1.90 mln tonnes that following week.
Soybean crush nationwide is estimated at 7.9 mln tonnes in December at current utilization rate, above the 7.12 mln tonnes in the previous month and also above 7.6 mln tonnes of the corresponding period last year.
As of this week, soybean crush nationwide totals 18,891,700 tonnes in the crushing year of 2019/20 (from October 1st, 2019), down 1,723,485 tonnes or 8.36% from 20,615,185 tonnes of the same period last year. In calendar year of 2019 (from Jan. 1st, 2019), national soybean crush amounts to 80,933,115 tonnes, down 5,111,865 tonnes or 5.94% from 86,044,980 tonnes of the corresponding period in 2018.
Fig.: Soybean Weekly Crush in China (2015-2019)
Details for weekly crush by region and by group are shown as follows:
