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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--3/29/2021

2021-03-29 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 8,700  3,000  1,560  4,800  3,065  3,240  220  -395 
Southwest Shandong 8,800  3,100  1,650  5,000  3,153  3,260  240  -348 
Hebei 8,800  3,100  1,600  5,000  3,115  3,260  200  -345 
Henan 9,200  3,150  1,750  4,800  3,095  3,000  220  -125 
North Xinjiang 8,500  2,850  1,150    3,019  2,800  180  39 
South Xinjiang 8,500  2,800  1,100  4,000  2,978  2,850  190  -62 
National Average 8,800  3,030  1,582  4,780  3,015  3,240  210  -435 
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.