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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--9/30/2020

2020-09-30 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,500  3,000  1,650  3,700  2,822  2,680  220  -79 
Southwest Shandong 6,700  3,050  1,650  3,800  2,860  2,700  240  -81 
Hebei 6,700  3,050  1,700  3,800  2,898  2,720  200  -23 
Henan 6,700  3,050  1,700  3,800  2,856  2,600  220  36 
North Xinjiang 6,000  2,750  1,100    2,740  2,270  180  290 
South Xinjiang 6,100  2,700  1,050    2,711  2,240  190  281 
National Average 6,570  3,000  1,650  3,740  2,827  2,650  210  -33 
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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