Today is 12/23/2024
I. National stocks
Due to intensive arrival of palm oil cargoes at ports, palm oil stocks this week start rebounding after a fall. In the week ending August 7th, edible palm oil stock totals 353,600 tonnes at domestic ports, up by 21.90% from 290,000 tonnes a week earlier; down by 4,900 tonnes or 1.4% from 358,500 tonnes the same period last month; down by 202,700 tonnes or 36.44% from 556,300 tonnes the corresponding period last year. Meanwhile, industrial palm oil stock at domestic ports totals 128,000 tonnes, a rise of 3,700 tonnes or 2.9% from 124,300 tonnes in the previous week.
|
Region |
Edible Palm Oil Stocks（0'000 tonne） |
Industrial Palm Oil Stocks |
||||||
|
W32 |
W31 |
Change |
M-O-M |
Y-O-Y |
W32 |
W31 |
Change |
|
|
Tianjin Port |
7.72 |
3.77 |
3.95 |
18.76% |
-5.85% |
3 |
2.8 |
0.2 |
|
Hebei |
0.62 |
0.73 |
-0.11 |
148.00% |
106.67% |
0 |
0.13 |
-0.13 |
|
Shandong Port |
2.93 |
3.31 |
-0.38 |
-17.46% |
-16.76% |
1.1 |
1.12 |
-0.02 |
|
East China |
11.53 |
10.3 |
1.23 |
0.70% |
-37.51% |
6.9 |
6.75 |
0.15 |
|
Guangdong |
8.35 |
6.59 |
1.76 |
-24.98% |
-54.86% |
1.3 |
1.27 |
0.03 |
|
Guangxi |
1.73 |
2.67 |
-0.94 |
-35.21% |
-26.69% |
0.5 |
0.36 |
0.14 |
|
Fujian |
2.48 |
1.63 |
0.85 |
726.66% |
-42.32% |
0 |
0 |
0 |
|
Total： |
35.36 |
29 |
6.36 |
-1.40% |
-36.44% |
12.8 |
12.43 |
0.37 |
II. Goods Arrivals
According to the latest statistics by Cofeed, China is projected to bring in 620,000 tonnes of palm oil (RBD palm olein 500,000 tonnes and industrial palm oil 120,000 tonnes) in August and 570,000 tonnes in September (RBD palm olein 450,000 tonnes and industrial palm oil 120,000 tonnes), unchanged with the estimate a week earlier.
III. Margins and Shipments
|
Date |
Sailing Schedule |
CNF |
Duty Paid |
DCE |
Import Margin |
|
8/3/2020 |
Sep, 2020 |
720 |
5936 |
5700 |
-236 |
|
8/3/2020 |
Oct, 2020 |
695 |
5806 |
5700 |
-106 |
|
8/3/2020 |
Nov, 2020 |
683 |
5682 |
5478 |
-204 |
|
8/3/2020 |
Dec, 2020 |
678 |
5557 |
5478 |
-79 |
|
8/4/2020 |
Sep, 2020 |
715 |
5998 |
5984 |
-14 |
|
8/4/2020 |
Oct, 2020 |
698 |
5858 |
5692 |
-166 |
|
8/4/2020 |
Nov, 2020 |
683 |
5734 |
5692 |
-42 |
|
8/4/2020 |
Dec, 2020 |
678 |
5692 |
5692 |
0 |
|
8/5/2020 |
Oct, 2020 |
702 |
5870 |
5602 |
-268 |
|
8/5/2020 |
Nov, 2020 |
688 |
5755 |
5602 |
-153 |
|
8/5/2020 |
Dec, 2020 |
680 |
5689 |
5602 |
-87 |
|
8/6/2020 |
Oct, 2020 |
702 |
5858 |
5660 |
-198 |
|
8/6/2020 |
Nov, 2020 |
690 |
5760 |
5660 |
-100 |
|
8/6/2020 |
Dec, 2020 |
682 |
5694 |
5660 |
-34 |
|
8/7/2020 |
Sep, 2020 |
725 |
6069 |
5884 |
-185 |
|
8/7/2020 |
Oct, 2020 |
710 |
5945 |
5630 |
-315 |
|
8/7/2020 |
Nov, 2020 |
696 |
5829 |
5630 |
-199 |
|
8/7/2020 |
Dec, 2020 |
688 |
5763 |
5630 |
-133 |