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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--12/4/2020

2020-12-04 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,550  2,800  1,580  3,800  2,797  2,900  220  -324 
Southwest Shandong 7,700  2,850  1,580  3,900  2,830  2,900  240  -310 
Hebei 7,800  2,850  1,650  3,900  2,850  2,910  200  -260 
Henan 7,700  2,850  1,600  3,850  2,714  2,680  220  -187 
North Xinjiang 6,900  2,580  1,100    2,642  2,400  180  62 
South Xinjiang 6,850  2,550  1,150    2,635  2,460  190  -16 
National Average 7,540  2,806  1,620  3,820  2,734  2,820  210  -296 
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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