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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--3/19/2021

2021-03-19 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 8,900  3,050  1,620  5,200  3,158  3,300  220  -362 
Southwest Shandong 9,000  3,130  1,700  5,500  3,242  3,300  240  -298 
Hebei 9,100  3,100  1,700  5,500  3,218  3,320  200  -303 
Henan 9,300  3,200  1,800  4,800  3,140  3,000  220  -80 
North Xinjiang 8,500  2,850  1,250    3,049  2,850  180  19 
South Xinjiang 8,500  2,900  1,130    3,038  2,880  190  -32 
National Average 8,980  3,070  1,674  5,080  3,101  3,290  210  -399 
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.