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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/8/2021

2021-01-08 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,700  3,250  1,850  3,900  3,095  3,080  220  -206 
Southwest Shandong 7,800  3,300  1,850  4,150  3,135  3,080  240  -186 
Hebei 7,900  3,250  1,850  4,000  3,098  3,150  200  -253 
Henan 7,900  3,200  1,650  3,850  2,889  2,740  220  -72 
North Xinjiang 7,000  2,800  1,280    2,822  2,600  180  42 
South Xinjiang 7,000  2,800  1,100    2,768  2,680  190  -102 
National Average 7,700  3,120  1,790  3,900  2,935  3,070  210  -345 
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.