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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--6/1/2020

2020-06-01 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,500  2,930  1,650  3,700  2,694  2,680  220 -206.5
Southwest Shandong 5,500  2,950  1,660  3,700  2,695  2,680  240 -224.8
Hebei 5,500  2,950  1,700  3,600  2,717  2,680  200 -163.5
Henan 5,600  3,150  1,550  3,600  2,715  2,460  220 35
North Xinjiang 5,200  2,700  1,280  2,654  2,400  180 74
South Xinjiang 5,200  2,700  1,200  2,630  2,320  190 120
National Average 5,500  2,935  1,620  3,650  2,675  2,670  210 -205
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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