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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--12/28/2020

2020-12-28 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,800  2,880  1,680  3,800  2,889  2,900  220  -231 
Southwest Shandong 7,800  2,900  1,680  3,900  2,895  2,900  240  -245 
Hebei 7,900  2,920  1,700  3,900  2,906  2,960  200  -255 
Henan 7,900  2,850  1,600  3,850  2,734  2,700  220  -187 
North Xinjiang 6,900  2,600  1,130    2,661  2,450  180  31 
South Xinjiang 6,900  2,650  1,050    2,663  2,550  190  -78 
National Average 7,716  2,856  1,680  3,820  2,790  2,880  210  -300 
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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