Processing Margins for Seed Cotton in China--1/8/2021

2021-01-08 www.cofeed.com

Processing Margins for Seed Cotton in China--1/8/2021 (Unit: CNY/tonne)
Province	Income			Expenditure		Margins	Lint Break-even Price
Province	Lint Price	Cottonseed Price	Total	Seed Cotton Cost	Processing Charge	Margins	Lint Break-even Price
Shandong	15,300	3,060	7,904.20	7,600	300	4.2	14,840
Hebei	15,300	3,020	7,881.40	7,550	300	31.4	14,833
Anhui	14,700	2,600	7,402.00	7,000	260	142	13,905
Henan	14,500	2,650	6,889.00	6,600	300	-11	13,518
Hubei	14,600	2,700	7,127.00	6,900	300	-73	14,234
Hunan	14,500	2,800	7,029	6,800	280	-51	13,785
Xinjiang	15,800	2,480	7,956.40	7,000	1000	-43.6	14,631
Nationwide	15,443	2,680	7,691.20	7,300	390	1.2	15,018
Remarks:
1. Cottonseed price is calculated by the factory price of ginning mills.
2. The output of lint is 36-40%, and cottonseed 55-57%.
3. Processing margins are estimated according to lint price at that date, and there may be some price difference between the inventory cost and daily price.

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