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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--8/26/2020

2020-08-26 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,400  3,050  1,700  3,700  2,850  2,800  220  -170 
Southwest Shandong 6,550  3,080  1,700  3,850  2,879  2,860  240  -221 
Hebei 6,400  3,150  1,750  3,900  2,932  2,860  200  -128 
Henan 6,800  3,350  1,750  3,800  3,005  2,600  220  185 
North Xinjiang 5,800  2,800  1,080    2,734  2,450  180  104 
South Xinjiang 5,850  2,850  1,150    2,790  2,410  190  190 
National Average 6,406  3,065  1,655  3,750  2,839  2,830  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.