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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--11/27/2020

2020-11-27 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,700  2,800  1,600  3,800  2,819  2,900  220  -301 
Southwest Shandong 7,800  2,850  1,650  3,800  2,857  2,900  240  -284 
Hebei 7,800  2,900  1,650  3,900  2,870  2,930  200  -260 
Henan 7,800  2,900  1,700  3,850  2,774  2,700  220  -147 
North Xinjiang 6,900  2,650  1,050    2,663  2,450  180  33 
South Xinjiang 7,000  2,600  1,150    2,681  2,480  190  11 
National Average 7,570  2,840  1,630  3,820  2,754  2,850  210  -306 
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. National Average is the average of all provinces in China.

 

 

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