Today is 04/19/2024
With a slight pickup in operation rates this week (July 11-17), soybean crush at domestic mills totals 2,063,500 tonnes (meal 1,630,165 tonnes and oil 392,065 tonnes), up 69,300 tonnes or 3.1% from 1,999,600 tonnes in the previous week. Meanwhile, operation rates (capacity utilization) are 59.43%, up 1.84% from 57.59% in the previous week. Soybean crush is predicted to further increase to 2.09 mln tonnes next week and then fall fractionally to 2.06 mln tonnes in that following week, still at a very high level.
Soybean crush nationwide is estimated at 9.12 mln tonnes in July at current utilization rate, above 8.7332 mln tonnes in the previous month and also far above 6.7083 mln tonnes of the corresponding period last year.
As of this week, soybean crush nationwide totals 69,835,964 tonnes in the soybean crop year of 2019/20 (from October 1st, 2019), up 2,296,579 tonnes or 3.4% from 67,539,385 tonnes of the same period last year. In calendar year of 2020 (from Jan. 1st, 2020), national soybean crush amounts to 47,852,450 tonnes, up 3,464,465 tonnes or 7.80% from 44,387,985 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 29 |
Week 28 |
Var. |
Week 29 |
Week 28 |
Var. |
||
|
1 |
Jiangsu |
416,400 |
393,500 |
22,900 |
73.17% |
69.14% |
4.02% |
|
2 |
Shandong |
367,900 |
401,100 |
-33,200 |
62.61% |
68.25% |
-5.65% |
|
3 |
Guangdong |
236,900 |
254,300 |
-17,400 |
61.87% |
66.41% |
-4.54% |
|
4 |
Guangxi |
196,000 |
187,500 |
8,500 |
68.29% |
65.33% |
2.96% |
|
5 |
Liaoning |
181,600 |
159,100 |
22,500 |
57.21% |
50.12% |
7.09% |
|
6 |
Tianjin |
148,000 |
123,000 |
25,000 |
98.34% |
81.73% |
16.61% |
|
7 |
Hebei |
137,500 |
129,500 |
8,000 |
79.53% |
74.90% |
4.63% |
|
8 |
Fujian |
82,100 |
102,500 |
-20,400 |
48.47% |
60.51% |
-12.04% |
|
9 |
Zhejiang |
56,700 |
81,800 |
-25,100 |
51.92% |
74.91% |
-22.99% |
|
10 |
Sichuan |
53,300 |
61,300 |
-8,000 |
63.45% |
72.98% |
-9.52% |
|
11 |
Hubei |
35,000 |
36,200 |
-1,200 |
65.79% |
68.05% |
-2.26% |
|
12 |
Henan |
33,600 |
21,600 |
12,000 |
28.92% |
18.59% |
10.33% |
|
13 |
Jilin |
28,000 |
20,000 |
8,000 |
36.36% |
25.97% |
10.39% |
|
14 |
Shaanxi |
22,400 |
30,800 |
-8,400 |
72.73% |
100.00% |
-27.27% |
|
15 |
Hunan |
19,600 |
10,600 |
9,000 |
100.00% |
54.08% |
45.92% |
|
16 |
Chongqing |
17,500 |
10,000 |
7,500 |
83.33% |
47.62% |
35.71% |
|
17 |
Anhui |
16,500 |
2,400 |
14,100 |
87.30% |
12.70% |
74.60% |
|
18 |
Jiangxi |
10,500 |
10,500 |
0 |
88.24% |
88.24% |
0.00% |
|
19 |
Heilongjiang |
4,000 |
0 |
4,000 |
2.31% |
0.00% |
2.31% |
|
20 |
Inner Mongolia |
0 |
7,000 |
-7,000 |
0.00% |
58.82% |
-58.82% |
|
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 |
2,063,500 |
2,042,700 |
20,800 |
59.43% |
58.83% |
0.60% |