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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--9/18/2020

2020-09-18 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  2,790  220  -170 
Southwest Shandong 6,600  3,050  1,750  3,800  2,887  2,750  240  -103 
Hebei 6,450  3,150  1,750  3,850  2,930  2,760  200  -30 
Henan 6,900  3,250  1,750  3,800  2,975  2,600  220  155 
North Xinjiang 5,800  2,690  1,030    2,657  2,300  180  177 
South Xinjiang 5,850  2,650  1,050    2,648  2,280  190  178 
National Average 6,434  3,000  1,656  3,740  2,815  2,700  210  -95 
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.