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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--12/15/2020

2020-12-15 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,600  2,750  1,580  3,800  2,782  2,860  220  -298 
Southwest Shandong 7,700  2,800  1,600  3,900  2,817  2,860  240  -283 
Hebei 7,800  2,800  1,650  3,900  2,830  2,880  200  -250 
Henan 7,700  2,800  1,600  3,850  2,694  2,680  220  -207 
North Xinjiang 6,900  2,500  1,060    2,589  2,400  180  9 
South Xinjiang 6,800  2,450  1,150    2,577  2,450  190  -64 
National Average 7,570  2,770  1,640  3,820  2,729  2,800  210  -281 
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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