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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--3/8/2021

2021-03-08 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 9,000  3,200  1,750  5,600  3,306  3,360  220  -275 
Southwest Shandong 9,000  3,260  1,820  5,500  3,336  3,380  240  -284 
Hebei 9,200  3,350  1,800  5,500  3,363  3,400  200  -238 
Henan 9,200  3,500  1,800  4,900  3,257  3,020  220  17 
North Xinjiang 8,500  2,950  1,300    3,115  2,880  180  55 
South Xinjiang 8,500  2,950  1,200    3,085  2,900  190  -6 
National Average 8,980  3,220  1,800  5,440  3,229  3,360  210  -341 
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.