Today is 12/23/2024
I. National stocks
Palm oil stocks in China this week stop rising and start falling due to less arrival of palm oil boatloads at ports and substantial deliveries. In the week ending August 21st, edible palm oil stock totals 341,400 tonnes at domestic ports, down by 6.30% from 364,400 tonnes a week earlier; up by 1,100 tonnes or 0.30% from 340,300 tonnes the same period last month; down by 233,500 tonnes or 40.60% from 574,900 tonnes the corresponding period last year. Meanwhile, industrial palm oil stock at domestic ports totals 135,800 tonnes, a decline of 300 tonnes or 0.20% from 136,100 tonnes in the previous week.
|
Region |
Edible Palm Oil Stocks（0'000 tonne） |
Industrial Palm Oil Stocks |
||||||
|
W34 |
W33 |
Change |
M-O-M |
Y-O-Y |
W34 |
W33 |
Change |
|
|
Tianjin Port |
6.6 |
6.82 |
-0.22 |
14.38% |
22.22% |
2.5 |
2.9 |
-0.4 |
|
Hebei |
0.3 |
0.4 |
-0.1 |
76.47% |
-57.14% |
0 |
0.08 |
-0.08 |
|
Shandong Port |
1.95 |
2.6 |
-0.65 |
-30.36% |
-21.37% |
1.15 |
1.07 |
0.08 |
|
East China |
12.35 |
13.1 |
-0.75 |
12.78% |
-36.34% |
8.1 |
7.7 |
0.4 |
|
Guangdong |
8.13 |
9.08 |
-0.95 |
-18.54% |
-64.34% |
1.27 |
1.29 |
-0.02 |
|
Guangxi |
3.21 |
2.41 |
0.8 |
-7.76% |
8.44% |
0.56 |
0.57 |
-0.01 |
|
Fujian |
1.6 |
2.03 |
-0.43 |
81.82% |
-57.33% |
0 |
0 |
0 |
|
Total： |
34.14 |
36.44 |
-2.3 |
0.30% |
-40.62% |
13.58 |
13.61 |
-0.03 |
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), flat from last week.
III. Margins and Shipments
|
Date |
Sailing Schedule |
CNF |
Duty Paid |
DCE |
Import Margin |
|
8/17/2020 |
Oct, 2020 |
715 |
5965 |
5706 |
-259 |
|
8/17/2020 |
Nov, 2020 |
702.5 |
5862 |
5706 |
-156 |
|
8/17/2020 |
Dec, 2020 |
697.5 |
5821 |
5706 |
-115 |
|
8/18/2020 |
Sep, 2020 |
715 |
5955 |
5878 |
-77 |
|
8/19/2020 |
Sep, 2020 |
725 |
6031 |
5984 |
-47 |
|
8/19/2020 |
Oct, 2020 |
712.5 |
5928 |
5776 |
-152 |
|
8/19/2020 |
Nov, 2020 |
707 |
5883 |
5776 |
-107 |
|
8/19/2020 |
Dec, 2020 |
700 |
5825 |
5776 |
-49 |
|
8/21/2020 |
Oct, 2020 |
712.5 |
5916 |
5606 |
-310 |
|
8/21/2020 |
Nov, 2020 |
692 |
5748 |
5606 |
-142 |
|
8/21/2020 |
Dec, 2020 |
687.5 |
5711 |
5606 |
-105 |
|
Date |
Cargoes |
Sailing Schedule |
CNF |
Duty Paid |
Qty. |
|
8/17/2020 |
9 |
Oct |
710 |
5923 |
1.2 |
|
Nov |
691.5 |
5771 |
1.2 |
||
|
Nov |
692 |
5775 |
1.2 |
||
|
Nov |
701 |
5849 |
1.2 |
||
|
Dec |
692 |
5775 |
1.2 |
||
|
Dec |
685 |
5718 |
1.2 |
||
|
Dec |
683 |
5701 |
3.6 |
||
|
8/18/2020 |
2 |
Dec |
681 |
5676 |
2.4 |
|
2 |
Oct |
701 |
5840 |
2.4 |
|
|
8/19/2020 |
1 |
Sep |
720 |
5990 |
1.2 |
|
1 |
Oct |
710 |
5908 |
1.2 |
|
|
3 |
Dec |
695 |
5784 |
3.6 |