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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--10/14/2020

2020-10-14 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 6,900  3,100  1,650  3,700  2,902  2,840  220  -159 
Southwest Shandong 7,000  3,120  1,650  3,800  2,918  2,860  240  -183 
Hebei 7,000  3,150  1,700  3,800  2,969  2,860  200  -91 
Henan 7,050  3,150  1,700  3,800  2,931  2,700  220  11 
North Xinjiang 6,600  2,800  1,200    2,882  2,420  180  282 
South Xinjiang 6,500  2,800  1,150    2,853  2,500  190  163 
National Average 6,840  3,075  1,663  3,750  2,889  2,850  210  -171 
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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