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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/6/2021

2021-01-06 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,700  3,150  1,700  3,800  2,994  3,040  220  -266 
Southwest Shandong 7,800  3,200  1,700  3,900  3,022  3,040  240  -258 
Hebei 7,900  3,200  1,700  3,900  3,018  3,050  200  -233 
Henan 7,900  3,000  1,600  3,850  2,794  2,720  220  -147 
North Xinjiang 7,000  2,750  1,230    2,782  2,550  180  52 
South Xinjiang 6,950  2,700  1,100    2,710  2,670  190  -150 
National Average 7,690  3,040  1,716  3,875  2,877  3,040  210  -373 
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.