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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--6/29/2020

2020-06-29 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,530 2,920 1,530 3,700 2,648 2,700 220 -272
Southwest Shandong 5,650 3,000 1,620 3,850 2,727 2,760 240 -273
Hebei 5,600 3,000 1,700 3,900 2,770 2,720 200 -151
Henan 5,850 3,150 1,700 3,800 2,811 2,500 220 91
North Xinjiang 5,250 2,750 1,260   2,683 2,380 180 123
South Xinjiang 5,250 2,750 1,250   2,680 2,420 190 70
National Average 5,560 2,947 1,590 3,720 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.