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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--4/21/2021

2021-04-21 www.mnk-9.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 8,600  3,250  1,550  4,800  3,152  3,240  220  -309 
Southwest Shandong 8,700  3,260  1,600  4,800  3,173  3,240  240  -307 
Hebei 8,600  3,250  1,600  4,800  3,140  3,240  200  -300 
Henan 9,100  3,200  1,700  4,800  3,090  3,020  220  -150 
North Xinjiang 8,300  2,800  1,180    2,974  2,800  180  -6 
South Xinjiang 8,250  3,000  1,050  4,800  3,030  2,800  190  40 
National Average 8,750  3,110  1,566  4,660  3,027  3,240  210  -423 
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.