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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--11/13/2020

2020-11-13 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,500  2,900  1,800  3,900  2,917  2,920  220  -223 
Southwest Shandong 7,500  2,950  1,780  3,800  2,912  2,920  240  -248 
Hebei 7,500  3,000  1,820  3,900  2,940  2,940  200  -201 
Henan 7,500  3,000  1,820  3,850  2,820  2,800  220  -201 
North Xinjiang 6,700  2,700  1,240    2,717  2,580  180  -43 
South Xinjiang 6,700  2,750  1,250    2,746  2,600  190  -45 
National Average 7,340  2,900  1,790  3,860  2,808  2,870  210  -272 
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.