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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--6/4/2020

2020-06-04 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,500  2,950  1,650  3,700  2,702  2,720  220  -239 
Southwest Shandong 5,550  3,000  1,660  3,700  2,720  2,700  240  -220 
Hebei 5,500  2,950  1,700  3,600  2,717  2,700  200  -184 
Henan 5,600  3,150  1,550  3,600  2,715  2,460  220  35 
North Xinjiang 5,300  2,700  1,300  2,674  2,420  180  74 
South Xinjiang 5,200  2,730  1,250  2,662  2,400  190  72 
National Average 5,505  2,938  1,630  3,655  2,681  2,700  210  -229 
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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