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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--12/23/2020

2020-12-23 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,650  2,800  1,650  3,800  2,832  2,860  220  -249 
Southwest Shandong 7,700  2,850  1,680  3,900  2,865  2,880  240  -255 
Hebei 7,800  2,920  1,650  3,900  2,878  2,880  200  -202 
Henan 7,700  2,850  1,600  3,850  2,714  2,680  220  -187 
North Xinjiang 6,900  2,550  1,080    2,621  2,400  180  41 
South Xinjiang 6,800  2,550  1,050    2,598  2,430  190  -23 
National Average 7,610  2,810  1,640  3,820  2,749  2,840  210  -301 
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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