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Processing Margins for Seed Cotton in China--4/21/2020

2020-04-21 www.cofeed.com
Processing Margins for Seed Cotton in China-4/21/2020 (Unit: RMB/tonne)
Province Income Expenditure Margins Lint Break-even Price
Lint Price Cottonseed Price Total Seed Cotton Cost Processing Charge
Shandong 12,000 2,400 6,208.00 6,000 300 -92 11,730
Hebei 11,800 2,300 6,071.00 5,800 300 -29 11,495
Anhui 12,000 2,280 6,139.60 6,520 260 -640.4 13,189
Henan 11,500 2,120 5,482.20 5,900 300 -717.8 12,522
Hubei 12,000 2,340 5,933.80 6,100 300 -466.2 12,695
Hunan 11,700 2,000 5,529 5,600 280 -351 11,901
Xinjiang 11,700 2,000 5,997.00 6,400 800 -1203 13,860
Nationwide 11,505 2,194 5,848.70 5,940 340 -431.3 12,251
Remarks: 
1. Cottonseed price is calculated by the factory price of ginning mills. 
2. The output of lint is 36-40%, and cottonseed 55-57%.
3. Processing margins are estimated according to lint price at that date, and there may be some price difference between the inventory cost and daily price.