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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--07/10/2020

2020-07-10 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 5,600  2,950  1,570  3,700  2,682  2,660  220  -198 
Southwest Shandong 5,650  3,000  1,630  3,850  2,731  2,680  240  -189 
Hebei 5,600  3,000  1,700  3,900  2,770  2,700  200  -131 
Henan 5,850  3,150  1,700  3,800  2,811  2,500  220  91 
North Xinjiang 5,300  2,750  1,100    2,642  2,380  180  82 
South Xinjiang 5,350  2,780  1,200    2,696  2,380  190  126 
National Average 5,568  2,947  1,592  3,720  2,682  2,640  210  -168 
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.