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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--07/21/2020

2020-07-21 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,100  3,100  1,650  3,800  2,830  2,800  220  -191 
Southwest Shandong 6,200  3,150  1,720  3,850  2,879  2,810  240  -171 
Hebei 6,200  3,100  1,700  3,900  2,873  2,800  200  -128 
Henan 6,400  3,150  1,650  3,800  2,847  2,600  220  27 
North Xinjiang 5,400  2,750  1,100    2,656  2,380  180  96 
South Xinjiang 5,500  2,780  1,200    2,717  2,380  190  147 
National Average 6,150  3,075  1,658  3,760  2,819  2,810  210  -201 
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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