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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--9/1/2020

2020-09-01 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,500  3,000  1,700  3,700  2,840  2,720  220  -100 
Southwest Shandong 6,550  3,050  1,720  3,800  2,870  2,800  240  -170 
Hebei 6,450  3,150  1,750  3,850  2,934  2,830  200  -97 
Henan 6,800  3,350  1,750  3,800  3,005  2,600  220  185 
North Xinjiang 5,900  2,750  1,060    2,714  2,450  180  84 
South Xinjiang 5,850  2,850  1,150    2,790  2,400  190  200 
National Average 6,434  3,042  1,650  3,740  2,830  2,790  210  -170 
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.