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Cotton Vice Prices Continue To Fall

2010/11/22 15:24:00 34

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In November 19th, the people's Bank of China decided to increase the deposit reserve ratio of deposit financial institutions by 0.5 percentage points from November 29, 2010, and the RMB deposit reserve ratio of large financial institutions rose to 18%, reaching the highest level in history. After that, the State Council announced 16 measures to stabilize prices. In addition, China will sell stocks of soybean and vegetable oil to curb inflation.

State regulation

The pace was significantly tighter, causing panic in the market, the late November 19th evening, the external market plummeted, the domestic spot prices falling, the cotton by-products market also showing signs of weakness, most of the regional quotations had been reduced, and the paction was sluggish.

During the weekend (-21 November 19th), domestic cottonseed prices were stable.

Domestic cotton prices fell into a low market. Soybean products fell again, which brought bad profits to the domestic oilseed meal market. The prices of downstream cottonseed oil, cottonseed meal and cotton lint fell. The enthusiasm of the oil companies to enter the market was frustrated, and the phenomenon of stopping production and shutting down increased.

During the weekend, domestic cotton oil prices fell again.

National regulation and control intensified.

outer disc

The overall slide of oil prices has brought greater pressure to the domestic oil market. The major oils such as soybean oil and palm oil have all dropped down, which has brought negative impact on cotton oil. In addition, the price of cotton oil is high. Buyers in the middle and lower reaches are more optimistic about the market outlook, and demand is obviously weak.

During the weekend, domestic cottonseed meal sales were weak, and the market steadily fell.

The closing price of soybeans and soybean meal dropped sharply, which brought bad profits to the domestic soybean meal spot market. The soybean meal spot price in most parts of the market dropped behind, and the cotton pulp market was bad. In addition, the cotton meal and other products were inferior to the other products, and the terminal demand remained weak. The cottonseed meal market continued to be suppressed, and the market remained stable.

During the weekend, the domestic cotton market was reproduced and adjusted.

Domestic cotton and cottonseed prices have dropped, and cotton staple prices have also eased.

crude oil

The fall in prices has caused a certain impact on the middle and lower reaches of cotton lint. The enthusiasm of purchasing is generally not high, the paction is in a slump, and the prices of many regions have begun to adjust, and the market popularity is obviously insufficient.