As of this Friday (in the week ending April 17th), edible palm oil stock totals 605,900 tonnes at domestic ports, down 6.07% from 645,100 tonnes a week earlier; down 215,700 tonnes or 26.25% from 821,600 tonnes the same period last month; down 146,000 tonnes or 19.4% from 751,900 tonnes the same period last year. Meanwhile, industrial palm oil stock at domestic ports totals 103,150 tonnes, down 12,500 tonnes or 11% from 115,650 tonnes last week.

It still sees less arrival of palm oil this week. Besides, oils spots continue rising in China, but soybean oil price falls back again. As of this Friday, grade one soybean oil prevails at 5,720-5,900 yuan/tonne in coastal areas (Tianjin traders not available; Rizhao traders, 5,900; Zhangjiagang traders, 5,850; Guangzhou traders, 5,720) and decreases by 20-100 yuan/tonne, narrowing the price spread between soybean oil and palm oil. And the price spread is 660 yuan/tonne, narrowing by 143 yuan/tonne from 803 yuan/tonne last week. However, it still stays at high levels and buyers purchase on the dips. Accordingly, palm oil trading goes better at market lows, and the trading volume totals 37,650 this week, which up by 4,900 tonnes or 15% from 32,750 tonnes the previous week. And edible palm oil stocks continue declining. Likewise, China’s buyers have bought not many cargoes of palm oil due to the poor import profit, so edible palm oil stocks are likely to slide in later period on the whole.

Region /Port	Edible Palm Oil Stocks（0'000 tonne）					Industrial Palm Oil Stocks
	W16	W15	Change	M-O-M	Y-O-Y	W16	W15	Change
Tianjin Port	7.88	7.7	0.18	-19.20%	-45.84%	2.6	2.2	0.4
Hebei	0.6	0.79	-0.19	200.00%	-14.28%	0.1	0.12	-0.02
Shandong Port	1.36	2.85	-1.49	-57.23%	-58.80%	0.515	0.545	-0.03
East China	21.5	20.7	0.8	-24.56%	-10.50%	5.3	6.7	-1.4
Guangdong	23.99	27.17	-3.18	-26.50%	-6.60%	1.68	1.85	-0.17
Guangxi	3.36	2.9	0.46	-11.80%	58.50%	0.12	0.15	-0.03
Fujian	1.9	2.4	-0.5	-53.66%	-60.40%	0	0	0
Total：	60.59	64.51	-3.92	-26.20%	-19.40%	10.315	11.565	-1.25

Fig.: China's palm oil stocks in recent years

According to the latest statistics by Cofeed, the estimate of import volume for April this week is 320,000 tonnes (RBD palm olein 200,000 tonnes and industrial palm oil 120,000 tonnes) and flat from last week; that for May is 320,000 tonnes (RBD palm olein 200,000 and industrial palm oil 120,000 tonnes) unchanged with last week; that for June is 320,000 tonnes (RBD palm olein 200,000 and industrial palm oil 120,000 tonnes) unchanged with last week.