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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--11/9/2020

2020-11-09 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,400  3,000  1,800  3,900  2,947  2,960  220  -233 
Southwest Shandong 7,500  3,050  1,820  3,800  2,966  2,950  240  -224 
Hebei 7,400  3,100  1,950  3,900  3,015  2,960  200  -145 
Henan 7,400  3,100  1,950  3,850  2,889  2,820  220  -152 
North Xinjiang 6,700  2,800  1,380    2,810  2,580  180  50 
South Xinjiang 6,700  2,750  1,300    2,761  2,600  190  -30 
National Average 7,250  3,020  1,850  3,860  2,865  2,890  210  -235 
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.