Today is 12/23/2024
I. National stocks
Palm oil stocks this week continue picking up amid increasing arrival of palm oil boatloads at ports. In the week ending August 14th, edible palm oil stock totals 364,400 tonnes at domestic ports, up by 3.05% from 353,600 tonnes a week earlier; up by 1,200 tonnes or 0.30% from 363,200 tonnes the same period last month; down by 163,300 tonnes or 30.95% from 527,700 tonnes the corresponding period last year. Meanwhile, industrial palm oil stock at domestic ports totals 136,100 tonnes, a rise of 8,100 tonnes or 6.3% from 128,000 tonnes in the previous week.
|
Region |
Edible Palm Oil Stocks（0'000 tonne） |
Industrial Palm Oil Stocks |
||||||
|
W33 |
W32 |
Change |
M-O-M |
Y-O-Y |
W33 |
W32 |
Change |
|
|
Tianjin Port |
6.82 |
7.72 |
-0.9 |
-9.90% |
9.12% |
2.9 |
3 |
-0.1 |
|
Hebei |
0.4 |
0.62 |
-0.22 |
166.66% |
-50.00% |
0.08 |
0 |
0.08 |
|
Shandong Port |
2.6 |
2.93 |
-0.33 |
-16.13% |
-3.70% |
1.07 |
1.1 |
-0.03 |
|
East China |
13.1 |
11.53 |
1.57 |
8.26% |
-26.82% |
7.7 |
6.9 |
0.8 |
|
Guangdong |
9.08 |
8.35 |
0.73 |
-8.28% |
-53.07% |
1.29 |
1.3 |
-0.01 |
|
Guangxi |
2.41 |
1.73 |
0.68 |
-18.86% |
25.52% |
0.57 |
0.5 |
0.07 |
|
Fujian |
2.03 |
2.48 |
-0.45 |
283.02% |
-47.27% |
0 |
0 |
0 |
|
Total： |
36.44 |
35.36 |
1.08 |
0.33% |
-30.95% |
13.61 |
12.8 |
0.81 |
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. And palm oil imports in October are expected to be 570,000 tonnes (RBD palm olein 450,000 tonnes and industrial palm oil 120,000 tonnes).
III. Margins and Shipments
|
Date |
Sailing Schedule |
CNF |
Duty Paid |
DCE |
Import Margin |
|
8/11/2020 |
Oct, 2020 |
708 |
5915 |
5562 |
-353 |
|
8/11/2020 |
Nov, 2020 |
691 |
5775 |
5562 |
-213 |
|
8/11/2020 |
Dec, 2020 |
684 |
5717 |
5562 |
-155 |
|
8/12/2020 |
Sep, 2020 |
710 |
5933 |
5702 |
-231 |
|
8/12/2020 |
Oct, 2020 |
692 |
5785 |
5480 |
-305 |
|
8/12/2020 |
Nov, 2020 |
672 |
5620 |
5480 |
-140 |
|
8/12/2020 |
Dec, 2020 |
665 |
5562 |
5480 |
-82 |
|
8/13/2020 |
Sep, 2020 |
730 |
6089 |
5876 |
-213 |
|
8/13/2020 |
Oct, 2020 |
715 |
5965 |
5694 |
-271 |
|
8/13/2020 |
Nov, 2020 |
695 |
5801 |
5694 |
-107 |
|
8/13/2020 |
Dec, 2020 |
688 |
5743 |
5694 |
-49 |
|
8/14/2020 |
Sep, 2020 |
725 |
6052 |
5830 |
-222 |
|
8/14/2020 |
Oct, 2020 |
710 |
5929 |
5622 |
-307 |
|
8/14/2020 |
Nov, 2020 |
688 |
5748 |
5622 |
-126 |
|
8/14/2020 |
Dec, 2020 |
680 |
5682 |
5622 |
-60 |
|
Date |
Cargoes |
Sailing Schedule |
CNF |
Duty Paid |
Qty. |
|
8/12/2020 |
1 |
Dec |
658 |
5504 |
1.2 |
|
8/14/2020 |
1 |
Nov |
678 |
6250 |
1.2 |