Today is 05/21/2024

China’s Palm Oil Stocks and Arrivals Weekly (Week 14, 2021)

2021-04-12 www.cofeed.com

I. National stocks

 

China’s edible palm oil stocks in China pick up as more palm oil cargoes arrive at ports this week. In the week ending Apr 9, edible palm oil stocks in China total 460,400 tonnes at nationwide ports, up 9.8% from 419,300 tonnes last week; down 99,900 tonnes or 17.83% from 560,300 tonnes in the previous month; down 182,700 tonnes or 28.41% from 643,100 tonnes in the corresponding period last year. In the same period in former years, palm oil stockpiles were 758,500 tonnes in 2019, 708,700 tonnes in 2018 and 550,400 tonnes in 2017. On an average from 2016-2020, palm oil stocks reached 638,700 tonnes. Additionally, industrial palm oil stock at domestic ports amounts to 105,100 tonnes, a descent of 12,200 tonnes or 10.4% versus 117,300 tonnes in the previous week.

 

Region
/Port

Edible Palm Oil Stocks0'000 tonne

Industrial Palm Oil Stocks

W14

W13

Change

M-O-M

Y-O-Y

W14

W13

Change

Tianjin Port

7.4

5.3

2.1

-6.33%

-3.90%

1.9

1.9

0

Hebei

1.22

1.13

0.09

-10.95%

54.43%

0.08

0.07

0.01

Shandong Port

1.655

0.87

0.785

-8.06%

-37.55%

1.17

1.36

-0.19

East China

12.43

11.85

0.58

-26.14%

-39.95%

4.3

5.15

-0.85

Guangdong

17.375

16.595

0.78

-21.49%

-36.05%

2.95

3.05

-0.1

Guangxi

2.66

3.435

-0.775

-28.11%

-8.28%

0.11

0.2

-0.09

Fujian

3.3

2.75

0.55

43.48%

37.50%

0

0

0

Total

46.04

41.93

4.11

-17.83%

-28.41%

10.51

11.73

-1.22

 

 

II. Goods Arrivals

 

China’s palm oil imports in April are expected to be 480,000 tonnes (RBD palm olein 330,000 tonnes and industrial palm oil 150,000 tonnes), up 80,000 tonnes from the previous estimate, according to Cofeed’s latest statistics. In May, China is projected to bring in 580,000 tonnes of palm oil (RBD palm olein 430,000 tonnes and industrial palm oil 150,000 tonnes), up 130,000 tonnes from the previous estimate.

 

III. Margins and Shipments

 

Date

Sailing Schedule

CNF
USD/tonne

Duty Paid
(CNY/tonne)

DCE
(CNY/tonne)

Import Margin

4/6/2021

May, 2021

1020

8007

7736

-271

Jun, 2021

980

7696

6994

-702

Jul, 2021

940

7385

6994

-391

Aug, 2021

910

7152

6994

-158

Sep, 2021

890

6997

6994

-3

Oct-dec,2021

870

6841

6732

-109

4/7/2021

May, 2021

1050

8223

7770

-453

Jun, 2021

1005

7874

7024

-850

Jul, 2021

960

7525

7024

-501

Aug, 2021

930

7292

7024

-268

Sep, 2021

910

7137

7024

-113

Oct-dec,2021

882.5

6924

6748

-176

4/8/2021

May, 2021

1025

8037

7656

-381

Jun, 2021

990

7766

6880

-886

Jul, 2021

930

7300

6880

-420

Aug, 2021

900

7067

6880

-187

Sep, 2021

882.5

6931

6880

-51

4/9/2021

Jul-Sep,2021

920

7228

6882

-346

 

Date

Cargoes

Sailing Schedule

CNF
USD/tonne

Duty Paid
(CNY/tonne)

Qty.
0'000 tonne

4/7/2021

1

Jul

902

7090

1.2

4/7/2021

1

Aug

902

7090

1.2

4/7/2021

1

Sep

902

7090

1.2

4/7/2021

1

Jul

923

7254

1.2

4/7/2021

1

Sep

923

7254

1.2

4/8/2021

2

Jul

892.5

7026

2.4

4/8/2021

2

Aug

892.5

7026

2.4

4/8/2021

2

Sep

892.5

7026

2.4

4/8/2021

1

Jul

894

7038

1.2

4/8/2021

1

Sep

894

7038

1.2

4/8/2021

1

Aug

894

7038

1.2