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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--9/23/2020

2020-09-23 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,800  3,050  1,700  3,700  2,890  2,800  220  -130 
Southwest Shandong 6,900  3,150  1,750  3,800  2,957  2,810  240  -94 
Hebei 7,000  3,150  1,750  3,850  2,988  2,840  200  -53 
Henan 7,050  3,250  1,750  3,800  2,990  2,620  220  150 
North Xinjiang 6,300  2,700  1,100    2,754  2,350  180  224 
South Xinjiang 6,300  2,700  1,050    2,739  2,320  190  229 
National Average 6,700  3,010  1,658  3,740  2,847  2,700  210  -63 
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.

 

 

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