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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/12/2021

2021-01-12 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,900  3,500  1,950  4,100  3,266  3,260  220  -215 
Southwest Shandong 7,900  3,600  1,980  4,300  3,322  3,200  240  -118 
Hebei 7,900  3,500  2,000  4,200  3,265  3,250  200  -185 
Henan 7,800  3,400  1,850  3,850  3,019  2,840  220  -42 
North Xinjiang 7,100  2,800  1,350    2,857  2,650  180  27 
South Xinjiang 7,100  2,900  1,150    2,848  2,700  190  -42 
National Average 7,870  3,370  1,890  3,950  3,087  3,180  210  -303 
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.