Today is 12/23/2024
I. National stocks
Palm oil stocks in China decline again due to less arrival of palm oil vessels and good deliveries. In the week ending October 23rd, edible palm oil stock totals 386,500 tonnes at nationwide ports, down by 8.5% from 422,400 tonnes a week earlier; up 85,400 tonnes or 28.36% from 301,100 tonnes in the previous month; down 193,500 tonnes or 33.36% from 580,000 tonnes in the corresponding period last year. Meanwhile, industrial palm oil stock at domestic ports amounts to 107,200 tonnes, a decrease of 4,000 tonnes or 3.59% from 111,200 tonnes last week.
|
Region |
Edible Palm Oil Stocks（0'000 tonne） |
Industrial Palm Oil Stocks |
||||||
|
W43 |
W42 |
Change |
M-O-M |
Y-O-Y |
W43 |
W42 |
Change |
|
|
Tianjin Port |
9.45 |
9.78 |
-0.33 |
48.81% |
-3.57% |
2.7 |
2.8 |
-0.1 |
|
Hebei |
0.9 |
0.5 |
0.4 |
12.50% |
80.00% |
0 |
0 |
0 |
|
Shandong Port |
3.15 |
3.95 |
-0.8 |
34.04% |
-15.32% |
1.78 |
2.07 |
-0.29 |
|
East China |
7.78 |
9.35 |
-1.57 |
10.35% |
-51.97% |
3.7 |
3.9 |
-0.2 |
|
Guangdong |
13.08 |
13.76 |
-0.68 |
37.54% |
-37.26% |
1.84 |
1.85 |
-0.01 |
|
Guangxi |
1.84 |
1.9 |
-0.06 |
-5.64% |
-44.74% |
0.7 |
0.5 |
0.2 |
|
Fujian |
2.45 |
3 |
-0.55 |
16.66% |
-31.94% |
0 |
0 |
0 |
|
Total： |
38.65 |
42.24 |
-3.59 |
28.36% |
-33.36% |
10.72 |
11.12 |
-0.4 |
II. Goods Arrivals
China is projected to bring in 670,000 tonnes of palm oil (RBD palm olein 550,000 tonnes and industrial palm oil 120,000 tonnes) in October, unchanged from last week, according to the latest statistics by Cofeed. And palm oil imports in November are expected to be 750,000 tonnes (RBD palm olein 600,000 tonnes and industrial palm oil 150,000 tonnes), up by 30,000 tonnes from the estimate in the previous week.
III. Margins and Shipments
|
Date |
Sailing Schedule |
CNF |
Duty Paid |
DCE |
Import Margin |
|
10/19/2020 |
Dec, 2020 |
777.5 |
6258 |
5846 |
-412 |
|
Feb, 2021 |
735 |
5920 |
5622 |
-298 |
|
|
Mar, 2021 |
725 |
5841 |
5622 |
-219 |
|
|
Apr, 2021 |
715 |
5761 |
5622 |
-139 |
|
|
May, 2021 |
710 |
5721 |
5622 |
-99 |
|
|
Jun, 2021 |
700 |
5642 |
5464 |
-178 |
|
|
10/20/2020 |
Dec, 2020 |
777.5 |
6244 |
5942 |
-302 |
|
Feb, 2021 |
735 |
5907 |
5700 |
-207 |
|
|
Mar, 2021 |
725 |
5828 |
5700 |
-128 |
|
|
Apr, 2021 |
715 |
5749 |
5700 |
-49 |
|
|
May, 2021 |
705 |
5669 |
5700 |
31 |
|
|
Jun, 2021 |
695 |
5590 |
5518 |
-72 |
|
|
10/21/2020 |
Dec, 2020 |
775 |
6190 |
6024 |
-166 |
|
Jan, 2021 |
755 |
6032 |
6024 |
-8 |
|
|
Feb, 2021 |
745 |
5953 |
5788 |
-165 |
|
|
Mar, 2021 |
735 |
5874 |
5788 |
-86 |
|
|
Apr, 2021 |
730 |
5835 |
5788 |
-47 |
|
|
Jun, 2021 |
710 |
5677 |
5560 |
-117 |
|
|
10/22/2020 |
Dec, 2020 |
785 |
6282 |
6122 |
-160 |
|
Jan, 2021 |
757.5 |
6065 |
6122 |
57 |
|
|
Feb, 2021 |
740 |
5926 |
5826 |
-100 |
|
|
Mar, 2021 |
735 |
5887 |
5826 |
-61 |
|
|
Apr, 2021 |
720 |
5768 |
5826 |
58 |
|
|
May, 2021 |
715 |
5729 |
5826 |
97 |
|
|
Jun, 2021 |
710 |
5689 |
5570 |
-119 |
|
|
10/23/2020 |
Dec, 2020 |
795 |
6380 |
6076 |
-304 |
|
Jan, 2021 |
775 |
6222 |
6076 |
-146 |
|
|
Feb, 2021 |
755 |
6063 |
5760 |
-303 |
|
|
Mar, 2021 |
745 |
5984 |
5760 |
-224 |
|
|
Apr, 2021 |
730 |
5865 |
5760 |
-105 |
|
|
May, 2021 |
720 |
5786 |
5760 |
-26 |
|
|
Jun, 2021 |
710 |
5707 |
5524 |
-183 |