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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--07/02/2020

2020-07-02 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5550 2960 1550 3700 2673.5 2660 220 -207 
Southwest Shandong 5650 3000 1620 3850 2727.4 2720 240 -233 
Hebei 5600 3000 1700 3900 2769.5 2720 200 -151 
Henan 5850 3150 1700 3800 2811 2500 220 91
North Xinjiang 5300 2750 1250   2687 2380 180 127
South Xinjiang 5250 2800 1250   2708 2420 190 98
National Average 5565 2953 1591 3720 2683.97 2660 210 -186 
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.