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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--6/12/2020

2020-06-12 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,600  3,000  1,650  3,800  2,740  2,760  220  -241 
Southwest Shandong 5,550  2,980  1,690  3,700  2,723  2,760  240  -277 
Hebei 5,550  2,980  1,700  3,700  2,741  2,720  200  -179 
Henan 5,600  3,150  1,600  3,700  2,741  2,480  220  41 
North Xinjiang 5,300  2,800  1,280    2,724  2,430  180  114 
South Xinjiang 5,200  2,750  1,300    2,688  2,420  190  78 
National Average 5,570  2,957  1,636  3,680  2,700  2,760  210  -270 
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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