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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--4/24/2020

2020-04-24 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5500 2800 1350 3500 2514.5 2550 220 -255.5
Southwest Shandong 5625 2780 1430 3500 2538.6 2550 240 -251.4
Hebei 5650 2880 1450 3550 2608 2540 200 -132
Henan 6000 3150 1400 3500 2691 2300 220 171
North Xinjiang 5300 2600 960 2516 2280 180 56
South Xinjiang 5300 2600 1050 2543 2280 190 73
National Average 5623 2860 1346 3552 2548.48 2542 210 -204
Remarks
1. Cottonseed is calculated by the market price.
2. Delinted cottonseed in Xinjiang, and raw cottonseed in other regions.
3. Total Income includes soapstock.
4. The margin estimate is calculated by intraday cottonseed prices, so the cost may have some difference if mills use their stockpiles.
5. Nationwide Average is the average of all provinces in China.