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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--11/4/2020

2020-11-04 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,250  3,050  1,970  3,900  3,012  2,920  220  -129 
Southwest Shandong 7,300  3,050  1,970  3,800  2,999  2,950  240  -192 
Hebei 7,200  3,130  2,000  3,900  3,025  2,960  200  -136 
Henan 7,300  3,100  1,980  3,850  2,888  2,820  220  -153 
North Xinjiang 6,600  2,850  1,400    2,828  2,600  180  48 
South Xinjiang 6,550  2,750  1,400    2,770  2,650  190  -71 
National Average 7,110  3,050  1,920  3,860  2,885  2,880  210  -205 
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.