China’s Soybean Crush Weekly (Week 31, 2018)

2018-08-06 www.mnk-9.com

Now that some mills resume normal operation, national soybean crush this week (July 28th- August 3rd) further climbs to 1,766,100 tonnes (1,395,219 tonnes of soybean meal, 335,559 tonnes of soybean oil), up 94,750 tonnes by 5.66% from 1,671,350 tonnes on the week. Meantime, soybean processing rate (capacity utilization) also rises to 51.12%, about 2.74 percentage points higher than 48.38% attained last week. Total soybean crush in week 32 next week, according to Cofeed, will probably reach 1.85 Mln tonnes and even 1.90 Mln tonnes in week 33 if operation rate further improves.

Soybean crush in year 2017/2018 (as from 1 October 2017) now amounts to 74,623,620 tonnes, a rise of 1,337,043 tonnes or 1.82% as compared to 73,286,577 tonnes in year 2016/17. National soybean crush in calendar year 2018 (as from 1 January 2018) has totaled 50,018,000 tonnes, still 1.12% or 567,779 tonnes below 50,585,779 tonnes on a year-on-year basis.

Figure: Trends of Soybean Weekly Crush in China (2014-2018)

Details for weekly crush are shown as follows:

No	Area	Soybean Crush (mT)			Operation Rate (Capacity Utilization)
		Week 31	Week 30	Variation	Week 31	Week 30	Variation
1	Jiangsu	347,000	362,500	-15,500	57.84%	60.43%	-2.58%
2	Shandong	310,500	264,100	46,400	51.85%	44.10%	7.75%
3	Guangdong	213,400	186,200	27,200	52.83%	46.10%	6.73%
4	Guangxi	151,000	157,800	-6,800	48.48%	50.66%	-2.18%
5	Tianjin	117,800	130500	-12,700	78.27%	86.71%	-8.44%
6	Fujian	117,600	103,200	14,400	69.42%	60.92%	8.50%
7	Hebei	102,500	118,000	-15,500	56.32%	64.84%	-8.52%
8	Henan	71,400	37,750	33,650	59.30%	31.35%	27.95%
9	Zhejiang	71,400	53,400	18,000	61.45%	45.96%	15.49%
10	Liaoning	61,500	84,500	-23,000	27.33%	37.55%	-10.22%
11	Hubei	40,000	35,000	5,000	81.63%	71.43%	10.20%
12	Sichuan	35,100	13,500	21,600	83.57%	32.14%	51.43%
13	Jilin	31,000	43,400	-12,400	40.26%	56.36%	-16.10%
14	Shaanxi	22,400	24,800	-2,400	72.73%	80.52%	-7.79%
15	Shanghai	17,500	17,500	0	67.57%	67.57%	0.00%
16	Chongqing	17,500	7,500	10,000	83.33%	35.71%	47.62%
17	Heilongjiang	12,600	10,600	2,000	7.50%	6.31%	1.19%
18	Anhui	8,400	2,400	6,000	52.17%	14.91%	37.27%
19	Jiangxi	7,000	7,000	0	58.82%	58.82%	0.00%
20	Hunan	7,000	8,200	-1,200	35.71%	41.84%	-6.12%
21	Inner Mongolia	3,500	3,500	0	29.41%	29.41%	0.00%
22	Shanxi	0	0	0	0.00%	0.00%	0.00%
23	Xinjiang	0	0	0	0.00%	0.00%	0.00%
	China Total	1,766,100	1,671,350	94,750	51.12%	48.38%	2.74%

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