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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--4/26/2021

2021-04-26 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 9,000  3,380  1,600  4,900  3,269  3,400  220  -351 
Southwest Shandong 8,900  3,380  1,600  4,800  3,241  3,380  240  -379 
Hebei 9,000  3,380  1,600  4,800  3,232  3,240  200  -208 
Henan 9,200  3,350  1,700  4,800  3,160  3,040  220  -100 
North Xinjiang 8,300  2,850  1,200    3,006  2,880  180  -55 
South Xinjiang 8,400  2,950  1,100  4,800  3,041  2,870  190  -20 
National Average 8,880  3,250  1,580  4,700  3,104  3,390  210  -496 
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.