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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--2/25/2021

2021-02-25 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 8,500  3,400  1,800  4,700  3,281  3,280  220  -219 
Southwest Shandong 8,500  3,420  1,800  4,600  3,271  3,240  240  -209 
Hebei 8,600  3,400  1,850  4,700  3,280  3,350  200  -270 
Henan 8,600  3,500  1,800  4,200  3,148  3,000  220  -72 
North Xinjiang 7,400  3,000  1,280    2,980  2,770  180  30 
South Xinjiang 7,900  3,000  1,150    3,011  2,800  190  21 
National Average 8,400  3,300  1,830  4,250  3,117  3,240  210  -333 
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.