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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--9/15/2020

2020-09-15 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 6,600  3,050  1,750  3,800  2,887  2,730  240  -84 
Hebei 6,450  3,150  1,750  3,850  2,930  2,750  200  -20 
Henan 6,800  3,250  1,750  3,800  2,975  2,600  220  155 
North Xinjiang 5,750  2,750  980    2,676  2,300  180  196 
South Xinjiang 5,800  2,780  1,100    2,740  2,250  190  300 
National Average 6,426  3,012  1,655  3,740  2,819  2,660  210  -51 
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.