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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--07/14/2020

2020-07-14 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 5,650  3,020  1,660  3,850  2,750  2,720  240  -210 
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  1,050    2,627  2,380  180  67 
South Xinjiang 5,300  2,750  1,200    2,672  2,380  190  102 
National Average 5,568  2,953  1,592  3,750  2,687  2,720  210  -243 
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.

 

 

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