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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--6/19/2020

2020-06-19 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,600  2,970  1,600  3,800  2,709  2,720  220  -231 
Southwest Shandong 5,600  3,050  1,700  3,850  2,772  2,760  240  -228 
Hebei 5,600  3,000  1,700  3,900  2,770  2,720  200  -151 
Henan 5,600  3,150  1,700  3,800  2,786  2,500  220  66 
North Xinjiang 5,300  2,800  1,260    2,718  2,420  180  118 
South Xinjiang 5,300  2,800  1,300    2,730  2,420  190  120 
National Average 5,570  2,960  1,630  3,730  2,703  2,740  210  -248 
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.