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

2020-06-05 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,500  2,980  1,650  3,700  2,714  2,720  220  -227 
Southwest Shandong 5,550  2,980  1,660  3,700  2,712  2,700  240  -228 
Hebei 5,500  2,980  1,700  3,600  2,729  2,700  200  -172 
Henan 5,600  3,150  1,600  3,600  2,734  2,480  220  34 
North Xinjiang 5,300  2,700  1,300  2,674  2,430  180  64 
South Xinjiang 5,200  2,750  1,300  2,688  2,400  190  98 
National Average 5,515  2,948  1,635  3,660  2,688  2,720  210  -242 
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.