Cotton By-Products Continued To Slide

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.

State regulation and control efforts have intensified, and the overall slide of oil prices on the outer market has brought greater pressure to the domestic oil market. The major oils such as soybean oil and palm oil have all come 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 the 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. The price of domestic cotton and cottonseed fell down, and the price of cotton lint was loosened. The decline of international crude oil prices had a certain impact on the middle and lower reaches of cotton lint. The enthusiasm of purchasing was generally not high, and the paction was in low spirits, and the price of many regions began to adjust, and the market popularity was obviously insufficient.