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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--8/11/2020

2020-08-11 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,350  3,100  1,700  3,800  2,873  2,900  220  -247 
Southwest Shandong 6,500  3,200  1,750  3,850  2,941  2,950  240  -250 
Hebei 6,400  3,150  1,750  3,900  2,932  2,930  200  -198 
Henan 6,800  3,300  1,750  3,800  2,985  2,640  220  125 
North Xinjiang 5,800  2,800  1,000    2,710  2,450  180  80 
South Xinjiang 5,800  2,830  1,150    2,772  2,450  190  132 
National Average 6,350  3,098  1,664  3,760  2,851  2,900  210  -259 
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.