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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--5/6/2020

2020-05-06 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,400  2,920  1,450  3,500  2,590  2,600  220  -230.5
Southwest Shandong 5,500  2,950  1,470  3,500  2,609  2,620  240  -251.1
Hebei 5,550  2,950  1,500  3,500  2,640  2,610  200  -169.75
Henan 6,000  3,150  1,480  3,500  2,721  2,360  220  141.4
North Xinjiang 5,300  2,600  980  2,522  2,280  180  62
South Xinjiang 5,250  2,580  1,030  2,519  2,260  190  68.8
National Average 5,400  2,920  1,420  3,530  2,576  2,610  210  -244
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.

 

 

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