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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--4/15/2021

2021-04-15 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 8,450  3,180  1,550  4,800  3,019  3,240  220  -442 
Southwest Shandong 8,600  3,270  1,600  4,800  3,167  3,220  240  -293 
Hebei 8,500  3,200  1,600  4,800  3,110  3,240  200  -330 
Henan 8,750  3,200  1,700  4,800  3,055  3,000  220  -165 
North Xinjiang 8,300  2,750  1,160    2,943  2,770  180  -8 
South Xinjiang 8,300  2,950  1,050    3,012  2,800  190  22 
National Average 8,620  3,090  1,562  4,660  3,005  3,204  210  -409 
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.