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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--11/2/2020

2020-11-02 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,250  3,100  1,970  3,900  3,032  2,960  220  -149 
Southwest Shandong 7,300  3,100  1,970  3,800  3,019  2,980  240  -202 
Hebei 7,200  3,150  2,000  3,900  3,033  2,990  200  -158 
Henan 7,300  3,150  1,980  3,850  2,908  2,820  220  -133 
North Xinjiang 6,600  2,850  1,400    2,828  2,600  180  48 
South Xinjiang 6,550  2,850  1,400    2,821  2,650  190  -20 
National Average 7,110  3,080  1,920  3,860  2,897  2,890  210  -203 
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.