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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--10/15/2020

2020-10-15 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,000  3,100  1,700  3,700  2,930  2,880  220  -170 
Southwest Shandong 7,050  3,120  1,700  3,800  2,941  2,900  240  -199 
Hebei 7,100  3,150  1,750  3,800  2,998  2,910  200  -112 
Henan 7,100  3,150  1,750  3,800  2,955  2,700  220  35 
North Xinjiang 6,600  2,800  1,280    2,906  2,440  180  286 
South Xinjiang 6,500  2,800  1,150    2,853  2,500  190  163 
National Average 6,920  3,080  1,680  3,750  2,906  2,870  210  -174 
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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