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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/22/2021

2021-01-22 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,750  3,500  1,800  4,100  3,198  3,200  220  -222 
Southwest Shandong 7,800  3,500  1,800  4,300  3,209  3,180  240  -211 
Hebei 7,800  3,600  1,800  4,200  3,225  3,200  200  -175 
Henan 8,000  3,600  1,800  3,500  3,079  3,040  220  -181 
North Xinjiang 7,100  2,950  1,260    2,907  2,650  180  77 
South Xinjiang 7,150  3,000  1,200    2,921  2,700  190  31 
National Average 7,760  3,430  1,858  3,950  3,090  3,180  210  -300 
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.