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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--12/25/2020

2020-12-25 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,800  2,850  1,680  3,800  2,877  2,860  220  -203 
Southwest Shandong 7,800  2,880  1,680  3,900  2,887  2,880  240  -233 
Hebei 7,900  2,920  1,700  3,900  2,906  2,880  200  -175 
Henan 7,900  2,850  1,600  3,850  2,734  2,680  220  -167 
North Xinjiang 6,900  2,630  1,100    2,667  2,450  180  37 
South Xinjiang 6,900  2,650  1,050    2,663  2,550  190  -78 
National Average 7,716  2,842  1,668  3,820  2,781  2,850  210  -279 
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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