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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--11/30/2020

2020-11-30 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,700  2,800  1,550  3,800  2,802  2,900  220  -319 
Southwest Shandong 7,800  2,850  1,570  3,800  2,837  2,900  240  -304 
Hebei 7,800  2,850  1,600  3,900  2,833  2,930  200  -298 
Henan 7,800  2,850  1,650  3,850  2,739  2,650  220  -132 
North Xinjiang 6,900  2,600  1,050    2,638  2,400  180  58 
South Xinjiang 7,000  2,600  1,150    2,681  2,460  190  31 
National Average 7,570  2,810  1,600  3,820  2,733  2,830  210  -307 
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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