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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--5/21/2020

2020-05-21 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,350  2,900  1,500  3,500  2,595  2,620  220 -245
Southwest Shandong 5,400  2,950  1,500  3,500  2,610  2,620  240 -250
Hebei 5,400  2,950  1,530  3,500  2,636  2,600  200 -164.4
Henan 5,800  3,150  1,480  3,500  2,701  2,400  220 81.4
North Xinjiang 5,200  2,600  1,050  2,529  2,320  180 29
South Xinjiang 5,250  2,580  1,030  2,519  2,280  190 48.8
National Average 5,325  2,916  1,465  3,550  2,585  2,640  210 -265
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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