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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/11/2021

2021-01-11 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,900  3,400  1,900  4,100  3,208  3,260  220  -272 
Southwest Shandong 7,900  3,400  1,930  4,300  3,225  3,160  240  -176 
Hebei 7,900  3,350  1,900  4,200  3,170  3,300  200  -330 
Henan 7,800  3,350  1,850  3,850  2,999  2,800  220  -22 
North Xinjiang 7,100  2,800  1,330    2,851  2,650  180  21 
South Xinjiang 7,100  2,900  1,150    2,848  2,700  190  -42 
National Average 7,870  3,230  1,846  3,950  3,017  3,160  210  -353 
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.