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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/15/2021

2021-01-15 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,900  3,650  1,980  4,100  3,336  3,280  220  -164 
Southwest Shandong 7,900  3,650  2,000  4,300  3,349  3,240  240  -131 
Hebei 7,900  3,600  2,000  4,200  3,305  3,300  200  -195 
Henan 7,800  3,600  1,850  3,500  3,074  2,840  220  14 
North Xinjiang 7,100  2,850  1,400    2,898  2,650  180  68 
South Xinjiang 7,150  3,000  1,200    2,921  2,700  190  31 
National Average 7,900  3,490  1,936  3,950  3,152  3,220  210  -278 
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.