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China’s Soybean Crush Weekly (Week 29, 2020)

2020-07-20 www.cofeed.com

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.

说明: 1595205564(1)

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 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%