20251118-冠通期货-进口大豆产业链追踪数据_1页_366kb

Import Soybean Industry Chain Analysis Summary

• Current Status (November 18, 2025): Data shows fluctuations across key indicators, with a focus on production, inventory, and import-related metrics.

• Key Changes:

  • Bean Meal Production: Week-over-week increase of 13.51% to 141.43万吨, indicating higher output.
  • Factory Operating Rate: Rose 15.06% to 57.15%, suggesting full utilization.
  • Oil Factory Soybean Inventory: Declined 2.07% weekly to 699.01万吨, reflecting reduced stocks.
  • Soybean Arrival: Sharp drop of 28.99% to 159.25万吨, likely due to lower imports.
  • Brazilian Import Cost: Decreased 2.53% to 3856.00元/吨, reducing expenses.
  • Brazilian Profit Margins: Worsened by 195.92% to -47.00元/吨, signaling compressed margins.
  • Oil Factory Bean Meal Inventory: Small rise of 1.74% to 89.29万吨.
  • Feed Enterprise Inventory Duration: Increased 6.19% to 8.23 days, indicating stable or rising demand.
  • Unexecuted Contracts: Decreased 11.20% to 495.23万吨.
  • Bean Meal Apparent Consumption: Minimal increase of 0.58% to 139.90万吨, showing steady consumption.

• Historical Trends (Past 4 years): Data indicates varying levels, but current weekly changes suggest market adjustments, possibly due to supply-demand dynamics.

Overall, the market exhibits signs of reduced imports and inventory pressures, with costs declining and profitability constrained.