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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--3/9/2021

2021-03-09 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 9,200  3,200  1,720  5,600  3,315  3,400  220  -305 
Southwest Shandong 9,200  3,260  1,820  5,900  3,388  3,400  240  -252 
Hebei 9,300  3,300  1,800  5,800  3,375  3,400  200  -225 
Henan 9,400  3,500  1,800  5,100  3,291  3,040  220  31 
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 9,080  3,210  1,780  5,460  3,231  3,390  210  -369 
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.