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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--10/12/2020

2020-10-12 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,800  3,100  1,650  3,700  2,892  2,840  220  -169 
Southwest Shandong 6,850  3,120  1,650  3,800  2,903  2,860  240  -198 
Hebei 6,800  3,100  1,700  3,800  2,928  2,850  200  -122 
Henan 6,900  3,100  1,700  3,800  2,896  2,700  220  -24 
North Xinjiang 6,400  2,750  1,100    2,796  2,400  180  216 
South Xinjiang 6,300  2,800  1,100    2,810  2,420  190  200 
National Average 6,775  3,050  1,655  3,750  2,870  2,850  210  -190 
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.