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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--3/2/2021

2021-03-02 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 8,800  3,400  1,800  5,000  3,335  3,340  220  -225 
Southwest Shandong 8,600  3,420  1,820  5,200  3,336  3,300  240  -204 
Hebei 8,600  3,400  1,850  4,700  3,280  3,350  200  -270 
Henan 8,800  3,500  1,800  4,200  3,168  3,000  220  -52 
North Xinjiang 8,200  3,000  1,300    3,098  2,850  180  68 
South Xinjiang 8,200  3,000  1,200    3,068  2,900  190  -22 
National Average 8,720  3,300  1,830  4,850  3,197  3,320  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.