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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/18/2021

2021-01-18 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,700  3,600  1,880  4,100  3,261  3,240  220  -199 
Southwest Shandong 7,800  3,600  1,900  4,300  3,284  3,200  240  -156 
Hebei 7,800  3,600  1,900  4,200  3,260  3,200  200  -140 
Henan 8,000  3,650  1,900  3,500  3,129  3,000  220  -91 
North Xinjiang 7,100  3,000  1,300    2,944  2,650  180  114 
South Xinjiang 7,150  3,000  1,200    2,921  2,700  190  31 
National Average 7,840  3,505  1,896  3,950  3,140  3,220  210  -290 
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.