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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--5/7/2020

2020-05-07 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,400  2,950  1,480  3,500  2,613  2,620  220  -227 
Southwest Shandong 5,400  2,950  1,470  3,500  2,599  2,620  240  -261 
Hebei 5,500  2,950  1,500  3,500  2,635  2,610  200  -175 
Henan 6,000  3,150  1,480  3,500  2,721  2,360  220  141 
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  69 
National Average 5,400  2,922  1,423  3,530  2,578  2,620  210  -252 
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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