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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--9/24/2020

2020-09-24 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,700  3,000  1,700  3,700  2,860  2,790  220  -150 
Southwest Shandong 6,900  3,150  1,750  3,800  2,957  2,800  240  -84 
Hebei 7,000  3,150  1,750  3,850  2,988  2,830  200  -43 
Henan 7,050  3,250  1,750  3,800  2,990  2,610  220  160 
North Xinjiang 6,200  2,700  1,100    2,712  2,330  180  202 
South Xinjiang 6,300  2,700  1,050    2,739  2,330  190  219 
National Average 6,650  3,003  1,658  3,740  2,839  2,700  210  -71 
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.