Processing Margins for Seed Cotton in China--1/26/2021

2021-01-26 www.cofeed.com

Processing Margins for Seed Cotton in China--1/26/2021 (Unit: CNY/tonne)
Province	Income			Expenditure		Margins	Lint Break-even Price
Province	Lint Price	Cottonseed Price	Total	Seed Cotton Cost	Processing Charge	Margins	Lint Break-even Price
Shandong	15,500	3,140	8,029.80	7,800	300	-70.2	15,128
Hebei	15,500	3,100	8,007.00	766	300	47	14,991
Anhui	14,600	2,800	7,330.00	7,000	260	70	13,936
Henan	14,500	2,800	6,973.00	6,600	300	73	13,273
Hubei	14,600	3,020	7,309.40	7,000	300	9.4	13,977
Hunan	14,500	2,800	7,029	6,800	280	-51	13,785
Xinjiang	15,800	2,560	8,002.80	7,000	1000	2.8	14,507
Nationwide	15,480	2,800	7,772.00	7,380	390	2	14,983
Remarks:
1. Cottonseed price is calculated by the factory price of ginning mills.
2. The output of lint is 36-40%, and cottonseed 55-57%.
3. Processing margins are estimated according to lint price at that date, and there may be some price difference between the inventory cost and daily price.

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