Domestic Cotton Sub Market Turnover Is Weak And The Market Stagnates

It is understood that soybean meal continues to be weak in the near future, which makes the market cautious in buying. The delivery of cottonseed meal is slightly hindered, inhibiting its market. However, most domestic cotton linters have not been quoted, and a few manufacturers' quotations remain stable.

Currently, Domestic cotton by market It still faces a complicated situation. On the one hand, the domestic cotton production is reduced and the supply of cotton by-products is limited; On the other hand, the macroeconomic situation is not optimistic. The demand in the middle and lower reaches of the market is weak, and the prices of related products continue to fall, which puts pressure on cotton by-products. In addition, South American soybeans are about to come on the market, and the pressure on the price of cotton by-products will not decrease in the future. The relevant processing manufacturers are cautious in entering the market, and cotton by-products are under pressure. The turnover in many places is weak, and the market is stagnating.

On March 1, the purchase price of domestic cottonseed mostly remained stable. at present Domestic soybean meal price The operation is still weak, and the rise of cottonseed meal is still blocked. At present, the loss of cottonseed pressing is still difficult to change. The cotton oil factory is also cautious in purchasing raw materials at a high price. Some processing factories still consume inventory, and the market is still wait-and-see. The overall purchase volume on that day is still small, which still suppresses the market.

On March 1, the price of domestic cotton and oil stagnated and stabilized. At present, the operating rate of cotton and oil plants is still low, and the supply of cotton and oil is limited. Supported by the high cost, oil plants are still willing to support the price, and cotton and oil are also difficult to fall. It is expected that in the short term, they will stabilize in a narrow range. After the market pressure of South American beans further increases from March to May, the pressure on the bulk oil market to fall back may increase, which may drag down cotton oil at that time. However, due to the limited supply of cotton oil, even following the fall of bulk oil, the range will be small.

On March 1, the price of domestic cottonseed meal stabilized. Recently, soybean meal continued to be weak, which made the market cautious in buying. The delivery of cotton meal was slightly hindered, curbing its market. However, supported by the limited supply of goods and the still high cost, short-term cottonseed meal is also difficult to fall, or it is still relatively stable. From March to May, after the pressure of South American soybean market further increases, the soybean meal will further decline, with the risk of falling below 2400 yuan/ton. At that time, the cotton meal price may be affected by a moderate correction.

On March 1, Domestic cotton linter Most of the prices were not quoted, and a few manufacturers' quotations remained stable. Due to environmental protection problems, the operating rate of some chemical fiber plants and refineries is also affected. Some refineries have inventory years ago, so they are not eager to purchase temporarily. A small number of purchases are also mostly on demand, and the turnover in the cotton linter market is still light.