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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--10/16/2020

2020-10-16 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  2,900  220  -190 
Southwest Shandong 7,050  3,120  1,700  3,800  2,941  2,920  240  -219 
Hebei 7,100  3,150  1,750  3,800  2,998  2,940  200  -142 
Henan 7,100  3,150  1,750  3,800  2,955  2,700  220  35 
North Xinjiang 6,600  2,850  1,380    2,964  2,480  180  304 
South Xinjiang 6,500  2,800  1,250    2,883  2,500  190  193 
National Average 6,910  3,082  1,700  3,750  2,913  2,890  210  -187 
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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