Today is 12/23/2024
I. National stocks
Less arrival of palm oil cargoes, coupled with better deliveries of palm oil, lead its inventory in China to further decline this week. In the week ending September 25, edible palm oil stock totals 301,100 tonnes at nationwide ports, down by 7.03% from 323,800 tonnes a week earlier; down by 54,300 tonnes or 15.28% from 355,400 tonnes in the previous month; down by 248,400 tonnes or 45.2% from 549,500 tonnes in the corresponding period last year. Meanwhile, industrial palm oil stock at domestic ports amounts to 105,700 tonnes, a drop of 6,400 tonnes or 5.7% from 112,100 tonnes in the previous week.
|
Region |
Edible Palm Oil Stocks（0'000 tonne） |
Industrial Palm Oil Stocks |
||||||
|
W39 |
W38 |
Change |
M-O-M |
Y-O-Y |
W39 |
W38 |
Change |
|
|
Tianjin Port |
6.35 |
6 |
0.35 |
-14.77 |
-38.35 |
2.7 |
3 |
-0.3 |
|
Hebei |
0.8 |
1 |
-0.2 |
300 |
100 |
0.1 |
0.1 |
0 |
|
Shandong Port |
2.35 |
2.8 |
-0.45 |
49.68 |
-47.19 |
1.39 |
0.69 |
0.7 |
|
East China |
7.05 |
8.45 |
-1.4 |
-38.43 |
-49.93 |
4.1 |
5.3 |
-1.2 |
|
Guangdong |
9.51 |
9.83 |
-0.32 |
-13.07 |
-52.21 |
1.73 |
1.56 |
0.17 |
|
Guangxi |
1.95 |
1.45 |
0.5 |
-8.45 |
-40.37 |
0.55 |
0.56 |
-0.01 |
|
Fujian |
2.1 |
2.85 |
-0.75 |
16.67 |
-17.65 |
0 |
0 |
0 |
|
Total： |
30.11 |
32.38 |
-2.27 |
-15.28 |
-45.2 |
10.57 |
11.21 |
-0.64 |
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 September, flat from a week earlier; 620,000 tonnes in October (RBD palm olein 500,000 tonnes and industrial palm oil 120,000 tonnes), unchanged with last week. And palm oil imports in November are expected to be 620,000 tonnes (RBD palm olein 500,000 tonnes and industrial palm oil 120,000 tonnes), unchanged from last week.
III. Margins and Shipments
|
Date |
Sailing Schedule |
CNF |
Duty Paid |
DCE |
Import Margin |
|
9/21/2020 |
Dec, 2020 |
812.5 |
6591 |
6480 |
-111 |
|
Jan, 2021 |
797.5 |
6471 |
6480 |
9 |
|
|
Feb, 2021 |
790 |
6411 |
6270 |
-141 |
|
|
Mar, 2021 |
782.5 |
6351 |
6270 |
-81 |
|
|
Apr, 2021 |
772.5 |
6271 |
6270 |
-1 |
|
|
May, 2021 |
765.5 |
6215 |
6270 |
55 |
|
|
9/22/2020 |
Dec, 2020 |
792.5 |
6456 |
6178 |
-278 |
|
Jan, 2021 |
770 |
6275 |
6178 |
-97 |
|
|
Feb, 2021 |
762.5 |
6215 |
5986 |
-229 |
|
|
Mar, 2021 |
755 |
6154 |
5986 |
-168 |
|
|
Apr, 2021 |
745 |
6074 |
5986 |
-88 |
|
|
May, 2021 |
738 |
6018 |
5986 |
-32 |
|
|
Jun, 2021 |
740 |
6034 |
5920 |
-114 |
|
|
9/23/2020 |
Nov, 2021 |
770 |
6284 |
6026 |
-258 |
|
Dec, 2020 |
760 |
6203 |
6026 |
-177 |
|
|
Jan, 2021 |
747.5 |
6103 |
6026 |
-77 |
|
|
Feb, 2021 |
742.5 |
6062 |
5854 |
-208 |
|
|
Mar, 2021 |
737.5 |
6022 |
5854 |
-168 |
|
|
Apr, 2021 |
730 |
5962 |
5854 |
-108 |
|
|
May, 2021 |
722.5 |
5901 |
5854 |
-47 |
|
|
Jun, 2021 |
717.5 |
5861 |
5788 |
-73 |
|
|
9/24/2020 |
Nov, 2021 |
760 |
6227 |
5888 |
-339 |
|
Dec, 2020 |
750 |
6146 |
5888 |
-258 |
|
|
Jan, 2021 |
722 |
5920 |
5888 |
-32 |
|
|
Feb, 2021 |
715 |
5863 |
5716 |
-147 |
|
|
Mar, 2021 |
711 |
5831 |
5716 |
-115 |
|
|
Apr, 2021 |
705 |
5782 |
5716 |
-66 |
|
|
May, 2021 |
700 |
5742 |
5716 |
-26 |
|
|
Jun, 2021 |
695 |
5701 |
5698 |
-3 |
|
|
9/25/2020 |
Nov, 2021 |
750 |
6143 |
5890 |
-253 |
|
Dec, 2020 |
735 |
6022 |
5890 |
-132 |
|
|
Jan, 2021 |
715 |
5860 |
5890 |
30 |
|
|
Feb, 2021 |
710 |
5820 |
5720 |
-100 |
|
|
Mar, 2021 |
705 |
5779 |
5720 |
-59 |
|
|
Apr, 2021 |
700 |
5739 |
5720 |
-19 |
|
|
May, 2021 |
695 |
5698 |
5720 |
22 |
|
|
Jun, 2021 |
690 |
5658 |
5656 |
-2 |
|
Date |
Cargoes |
Sailing Schedule |
CNF |
Duty Paid |
Qty. |
|
9/22/2020 |
1 |
Nov, 2020 |
762 |
6219 |
1.2 |
|
9/22/2020 |
1 |
Dec, 2020 |
725 |
5921 |
1.2 |
|
9/25/2020 |
1 |
Jan, 2021 |
710 |
5814 |
1.2 |
|
9/25/2020 |
1 |
Jan, 2021 |
710 |
5814 |
1.2 |