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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--3/15/2021

2021-03-15 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 9,200  3,150  1,700  5,600  3,288  3,320  220  -252 
Southwest Shandong 9,200  3,220  1,760  5,600  3,327  3,340  240  -253 
Hebei 9,300  3,200  1,750  5,700  3,310  3,340  200  -230 
Henan 9,400  3,400  1,800  4,800  3,230  3,040  220  -30 
North Xinjiang 8,400  2,950  1,260    3,089  2,880  180  29 
South Xinjiang 8,500  2,950  1,200    3,085  2,900  190  -6 
National Average 9,080  3,160  1,712  5,320  3,178  3,320  210  -352 
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.