Cotton Vice Market Continued To Fall &Nbsp; Market Sentiment Has Been In The Doldrums.

Recently, soybeans in Brazil, Argentina and Paraguay are about to be harvested, and the prospects for improving soybean production in South America have eased the market's concerns about tightening global supply of soybeans. According to the progress monitoring report released by the Cotton Research Institute of Chinese Academy of Agricultural Sciences, as of April 15th, the national cotton spring sowing plot accounted for 24.5% of the estimated total area, which was 5.7 percentage points higher than that of the same period last year.

Under the suppression of bad factors at home and abroad, in April 28th

Domestic cotton seed purchase price has stabilized or dropped.

Grain prices fell across the board and the market expected that China would further tighten monetary liquidity, suppress domestic and foreign cotton prices continue to fall, and impact on the domestic cottonseed market. In addition, due to poor sales of downstream products, the oil refinery squeezed losses, and the enthusiasm for entering the market was not high. Some manufacturers continued to lower the purchase price of cottonseed.

Domestic cotton oil market basically stopped.

International crude oil prices rebound, domestic soybean oil, palm oil and other oil prices have risen.

At present, the price difference between grade 3 cottonseed oil and 1 grade soybean oil in the north area is still 1000-1050 yuan / ton, and the price of cotton oil has obvious advantages. In addition, the start-up rate of the oil factory is generally low in the near future, and the supply of the cotton oil market is insufficient, and the oil factory has a good sales mentality.

Domestic cottonseed meal market fell slightly.

Affected by FMD epidemic in North China, farmers' willingness to make up barriers will be reduced and domestic feed will be overall.

Domestic cotton lint