Industry Impact: Cotton By-Product Market Will Continue To Fall

Deteriorating European debt crisis Plus a series of less anticipated ones. economic data The market's worries about the global economic outlook are heating up again. In May 23rd, major stock markets in Asia and the Pacific fell sharply, and European and American stock markets fell sharply, and domestic stock markets fell sharply. Shanghai Composite Index Below the 2800 point mark, the commodity futures market also suffered a sharp fall. Confidence in the domestic cotton by-product market has just been lost, and the market will soon return to the pattern of weak adjustment.

In May 23rd, the domestic cotton seed purchase price was stable. As the sales of downstream products have not improved significantly, the enthusiasm of oil companies to enter the market is still not high, and the price of cottonseed prices is not strong enough.

Domestic cotton oil market is slack, and the market is basically stable. Domestic soybean oil, palm oil and other oil prices fell to the pressure on the cotton oil market, coupled with the intensity of national regulation, buyers cautious, weak demand continues to suppress the cotton oil market.

Domestic cottonseed meal market stabilized. At present, the purchase and sale of domestic aquatic products and livestock and poultry has not been fully started. Compared with soybean meal, the cost performance of cottonseed meal is still at a disadvantage, the demand for terminal is not strong, and the market purchase and sale is still light.

The domestic cotton lint market has a strong wait-and-see atmosphere and the market is basically stable. The spot price of lint cotton has increased recently, and the enthusiasm of the chemical fiber factory and the refined cotton mill has been improved, which has brought more support to the cotton lint market and stabilized its price. However, since the sales of downstream products have not improved, market confidence has not yet been restored, and the external market is deteriorating again.

Shandong Xiajin cotton seed purchase price in the 1.46-1.52 yuan / Jin line, stable, the market opening rate is insufficient, the oil factory mostly sells the product primarily; the cotton oil factory quoted price is 8850-8900 yuan / ton, with a small number of transactions; 42% protein cottonseed meal quoted price is 2300-2320 yuan / ton, the demand is mediocre; the quality inspection better cotton short pile quoted price is 7800 yuan / ton, the quality acceptable person quoted price at 7300-7500 yuan / ton, the small quantity shipment, the overall rebound strength is insufficient.

Shanxi Yuncheng region cotton seeds sporadic quotations at 1.40-1.43 yuan / Jin, the oil plant started sporadically, cotton seed spot quantity is insufficient; cotton oil quotation at 9150-9200 yuan / ton, goods less holding price, mainly retail; 42% protein cottonseed meal quoted price in 2450-2500 yuan / ton line, poor demand; better quality cotton short staple price quoted at 7800 yuan / ton, market enquiry volume increased, volume generally.

Xinjiang southern Akesu cotton seed purchase price in 1.30-1.36 yuan / Jin, the purchase and sale volume is not big, the oil factory basically stops, sells the product primarily; the cotton oil quoted price is 8350-8400 yuan / ton, the shipment is general; 42% protein cottonseed meal quoted price is 1900-1920 yuan / ton, the demand is mediocre; the quality is better cotton short pile quoted price is 7450-7500 yuan / ton, the quality may be in the 7200-7300 yuan / ton, the transaction has started slightly.