Due to delay in delivery, China’s soybean imports went down in April on the year-on-year basis, the first time in 2008. Soybean stock at Chinese ports stayed at a high level of 3.73 ~ 3.98 million MT in April, including 290,000 MT in Dalian, 210,000 MT in Qinhuangdao, 155,000 MT in Tianjin, 160,000 MT in Longkou, 200,000 MT in Yantai, 425,000 MT in Qingdao, 250,000 MT in Rizhao, 260,000 MT in Lanshan, 310,000 MT in Lianyungang, 270,000 MT in Nantong, 330,000 MT in Zhangjiagang, 385,000 MT in Guangzhou, etc.
Soybean import cost added 9% in April on the year-on-year basis, attributable to CBOT price hike and 15% increase of international shipment cost. Oilseed shipment cost from the USA and Argentine to China were $127.16/MT and 136.89/MT on April 30, up $16.16% and 17.79% respectively over the start of April. The cost rose to $150.75/MT and $163.35/MT respectively on May 19.
It is learned that about six ships of soybeans (totaling 325,000 MT) scheduled to arrive in China in April may reach China in May. Total delivery of soybeans to China may be 3.2 million MT in May, an increase of 240,000 MT on the year-on-year basis.
|
