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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--11/20/2020

2020-11-20 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,850  2,800  1,750  3,800  2,887  2,900  220  -234 
Southwest Shandong 7,800  2,850  1,750  3,800  2,892  2,900  240  -249 
Hebei 7,850  2,900  1,800  3,900  2,923  2,920  200  -198 
Henan 7,800  2,900  1,800  3,850  2,804  2,700  220  -117 
North Xinjiang 6,800  2,700  1,150    2,704  2,480  180  44 
South Xinjiang 7,000  2,600  1,100    2,666  2,520  190  -44 
National Average 7,640  2,860  1,740  3,820  2,803  2,850  210  -257 
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.