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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--07/01/2020

2020-07-01 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong  5,530   2,920   1,550   3,700   2,656   2,660   220   -225 
Southwest Shandong  5,650   3,000   1,620   3,850   2,727   2,720   240   -233 
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   2,780   1,250     2,697   2,420   190   87 
National Average  5,560   2,948   1,592   3,720   2,682   2,680   210   -208 
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.