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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--10/23/2020

2020-10-23 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,050  3,150  1,950  3,900  3,025  3,040  220  -236 
Southwest Shandong 7,100  3,150  1,970  3,800  3,019  3,050  240  -272 
Hebei 7,100  3,180  2,000  3,900  3,035  3,060  200  -226 
Henan 7,100  3,180  2,000  3,850  2,906  2,800  220  -115 
North Xinjiang 6,500  2,850  1,400    2,814  2,500  180  134 
South Xinjiang 6,500  2,850  1,400    2,821  2,640  190  -10 
National Average 6,950  3,090  1,910  3,860  2,892  2,970  210  -288 
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.