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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--8/7/2020

2020-08-07 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,400  3,130  1,700  3,800  2,890  2,930  220  -260 
Southwest Shandong 6,500  3,250  1,750  3,850  2,961  2,950  240  -230 
Hebei 6,400  3,150  1,750  3,900  2,932  2,930  200  -198 
Henan 6,800  3,350  1,720  3,800  2,994  2,700  220  74 
North Xinjiang 5,800  2,800  1,000    2,710  2,450  180  80 
South Xinjiang 5,800  2,800  1,150    2,755  2,450  190  115 
National Average 6,370  3,120  1,669  3,760  2,863  2,930  210  -277 
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.