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China’s Soybean Crush Weekly (Week 27, 2020)

2020-07-06 www.cofeed.com

Following a slight rise in operation rates this week (Jun 27-Jul 3), soybean crush at domestic mills totals 2,042,700 tonnes (meal 1,613,733 tonnes and oil 388,113 tonnes), up 11,700 tonnes or 0.05% from 2,031,000 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 58.83%, up 0.33% from 58.50% in the previous week. Soybean crush is predicted to continue the uptrend to 2.06 mln tonnes and 2.10 mln tonnes in the next two weeks, respectively. A majority of mills will not suspend production as they are speeding up deliveries amid huge pressure from soybean meal inventories.

 

As of this week, soybean crush nationwide totals 65,772,864 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), up 1,262,679 tonnes or 1.96% from 64,510,185 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 43,789,350 tonnes, up 2,430,565 tonnes or 5.88% from 41,358,785 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
(tonne)

Utilization Rate
(Capacity Utilization)

Week 27

Week 26

Var.

Week 27

Week 26

Var.

1

Shandong

401100

404600

-3500

68.25%

68.85%

-0.60%

2

Jiangsu

393500

308900

84600

69.14%

54.28%

14.87%

3

Guangdong

254300

240700

13600

66.41%

62.86%

3.55%

4

Guangxi

187500

220500

-33000

65.33%

76.83%

-11.50%

5

Liaoning

159100

180100

-21000

50.12%

56.73%

-6.62%

6

Hebei

129500

139500

-10000

74.90%

80.68%

-5.78%

7

Tianjin

123000

141500

-18500

81.73%

94.02%

-12.29%

8

Fujian

102500

99500

3000

60.51%

58.74%

1.77%

9

Zhejiang

81800

85400

-3600

74.91%

78.21%

-3.30%

10

Sichuan

61300

24300

37000

72.98%

28.93%

44.05%

11

Hubei

36200

28700

7500

68.05%

53.95%

14.10%

12

Shaanxi

30800

30800

0

100.00%

100.00%

0.00%

13

Henan

21600

39600

-18000

18.59%

34.08%

-15.49%

14

Jilin

20000

28000

-8000

25.97%

36.36%

-10.39%

15

Hunan

10600

19600

-9000

54.08%

100.00%

-45.92%

16

Jiangxi

10500

10500

0

88.24%

88.24%

0.00%

17

Chongqing

10000

10000

0

47.62%

47.62%

0.00%

18

Inner Mongolia

7000

3500

3500

58.82%

29.41%

29.41%

19

Anhui

2400

15300

-12900

12.70%

80.95%

-68.25%

20

Heilongjiang

0

0

0

0.00%

0.00%

0.00%

21

Shanxi

0

0

0

0.00%

0.00%

0.00%

22

Shanghai

0

0

0

0.00%

0.00%

0.00%

23

Xinjiang

0

0

0

0.00%

0.00%

0.00%

 

Total

2042700

2031000

11700

58.83%

58.50%

0.34%