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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--07/20/2020

2020-07-20 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6200 3020 1660 3800 2811.2 2800 220 -208.8
Southwest Shandong 6100 3080 1700 3850 2834 2800 240 -206
Hebei 6200 3000 1700 3900 2832.5 2780 200 -147.5
Henan 6400 3150 1650 3800 2847 2600 220 27
North Xinjiang 5400 2750 1100   2656 2380 180 96
South Xinjiang 5300 2750 1200   2672 2380 190 102
National Average 6138 2995 1650 3750 2782.3 2800 210 -227.7
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.