Today is 04/20/2024
Along with a rally in operation rates this week (June 6-12), soybean crush at domestic mills totals 2,052,000 tonnes (meal 1,621,080 tonnes and oil 389,880 tonnes), up 136,450 tonnes or 7.12% from 1,915,550 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 59.10%, up 3.93% from 55.17% in the previous week. Soybean crush is predicted to continue the uptrend to a record high of 2.13 mln tonnes and 2.15 mln tonnes in the next two weeks, respectively.
As of this week, soybean crush nationwide totals 59,572,964 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), down 1,221 tonnes from 59,574,185 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 36,737,750 tonnes, up 314,965 tonnes or 0.08% from 36,422,785 tonnes of the corresponding period in 2019.
Fig.: Soybean Weekly Crush in China (2016-2020)
Details for weekly crush by region and by group are shown as follows:
|
Ranking |
Region |
Soybean Crush |
Utilization Rate |
||||
|
Week 24 |
Week 23 |
Var. |
Week 24 |
Week 23 |
Var. |
||
|
1 |
Jiangsu |
401200 |
420500 |
-19300 |
70.50% |
73.89% |
-3.39% |
|
2 |
Shandong |
389500 |
353500 |
36000 |
66.28% |
60.15% |
6.13% |
|
3 |
Guangdong |
230000 |
198100 |
31900 |
60.07% |
51.74% |
8.33% |
|
4 |
Liaoning |
182100 |
136100 |
46000 |
57.36% |
42.87% |
14.49% |
|
5 |
Guangxi |
170500 |
129100 |
41400 |
59.41% |
44.98% |
14.43% |
|
6 |
Tianjin |
130500 |
133000 |
-2500 |
86.71% |
88.37% |
-1.66% |
|
7 |
Hebei |
123500 |
141500 |
-18000 |
71.43% |
81.84% |
-10.41% |
|
8 |
Fujian |
98000 |
74900 |
23100 |
57.85% |
44.21% |
13.64% |
|
9 |
Zhejiang |
64400 |
77800 |
-13400 |
58.97% |
71.25% |
-12.27% |
|
10 |
Sichuan |
62300 |
68300 |
-6000 |
74.17% |
81.31% |
-7.14% |
|
11 |
Shaanxi |
30800 |
30800 |
0 |
100.00% |
100.00% |
0.00% |
|
12 |
Hubei |
29100 |
32950 |
-3850 |
54.70% |
61.94% |
-7.24% |
|
13 |
Jilin |
28000 |
28000 |
0 |
36.36% |
36.36% |
0.00% |
|
14 |
Hunan |
19600 |
16000 |
3600 |
100.00% |
81.63% |
18.37% |
|
15 |
Henan |
19000 |
7000 |
12000 |
16.35% |
6.02% |
10.33% |
|
16 |
Anhui |
18900 |
18900 |
0 |
100.00% |
100.00% |
0.00% |
|
17 |
Shanghai |
17500 |
17500 |
0 |
100.00% |
100.00% |
0.00% |
|
18 |
Chongqing |
14000 |
10500 |
3500 |
66.67% |
50.00% |
16.67% |
|
19 |
Heilongjiang |
12600 |
10600 |
2000 |
7.29% |
6.13% |
1.16% |
|
20 |
Jiangxi |
10500 |
10500 |
0 |
88.24% |
88.24% |
0.00% |
|
21 |
Inner Mongolia |
0 |
0 |
0 |
0.00% |
0.00% |
0.00% |
|
22 |
Shanxi |
0 |
0 |
0 |
0.00% |
0.00% |
0.00% |
|
23 |
Xinjiang |
0 |
0 |
0 |
0.00% |
0.00% |
0.00% |
|
|
Total |
2052000 |
1915550 |
136450 |
59.10% |
55.17% |
3.93% |