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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--10/27/2020

2020-10-27 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,200  3,150  1,970  3,900  3,047  3,020  220  -194 
Southwest Shandong 7,200  3,150  1,970  3,800  3,029  3,040  240  -252 
Hebei 7,200  3,180  2,000  3,900  3,045  3,020  200  -176 
Henan 7,200  3,180  2,000  3,850  2,916  2,800  220  -105 
North Xinjiang 6,500  2,850  1,400    2,814  2,600  180  34 
South Xinjiang 6,550  2,850  1,400    2,821  2,650  190  -20 
National Average 7,040  3,090  1,920  3,860  2,894  2,950  210  -266 
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.