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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--10/19/2020

2020-10-19 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,000  3,150  1,900  3,800  3,032  3,000  220  -188 
Southwest Shandong 7,050  3,150  1,900  3,850  3,050  3,000  240  -191 
Hebei 7,100  3,180  2,000  3,750  3,099  3,000  200  -101 
Henan 7,100  3,180  2,000  3,750  3,059  2,750  220  89 
North Xinjiang 6,600  2,850  1,380    2,964  2,550  180  234 
South Xinjiang 6,500  2,800  1,300    2,898  2,500  190  208 
National Average 6,920  3,090  1,855  3,810  2,979  2,980  210  -211 
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.