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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--07/28/2020

2020-07-28 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,200  3,200  1,700  3,800  2,898  2,920  220  -242 
Southwest Shandong 6,250  3,200  1,750  3,850  2,916  2,920  240  -245 
Hebei 6,200  3,200  1,750  3,900  2,931  2,900  200  -169 
Henan 6,400  3,400  1,650  3,800  2,947  2,600  220  127 
North Xinjiang 5,600  2,800  1,050    2,697  2,400  180  117 
South Xinjiang 5,650  2,800  1,150    2,734  2,400  190  144 
National Average 6,175  3,125  1,662  3,760  2,843  2,920  210  -287 
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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