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Cotton Byproduct Market Will Continue To Fall

2011/5/25 15:24:00 70

Cotton By-Product Market Continued To Fall

The worsening European debt crisis, coupled with a series of less anticipated economic data, has raised fears about the global economic outlook.

In May 23rd, the major stock markets in Asia and the Pacific fell sharply. The European and US stock market suffered a heavy setback. The domestic stock market dropped sharply. The Shanghai Composite Index fell below the 2800 point mark, and 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.

Downstream

Product sales

No obvious improvement has been made. The enthusiasm of the oil refinery to enter the market is still not high.

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.

Recently, China

lint

The spot price has increased, and the enthusiasm of the chemical fiber factory and the refined cotton mill has increased, 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 pactions; 42% protein cottonseed meal quoted price is 2300-2320 yuan / ton, the demand is mediocre; the quality is good, the cotton short pile quoted price is 7800 yuan / ton, the quality acceptable person quoted price 7300-7500 yuan / ton, the small quantity shipment, the overall rebound strength is insufficient.

Shanxi Yuncheng area

cottonseed

Sporadic quotations at 1.40-1.43 yuan / Jin, the oil plant started sporadically, the spot quantity of cottonseed is insufficient; the price of cotton oil is 9150-9200 yuan / ton, the goods are less than the holding price, the retail price is mainly; the 42% protein cottonseed meal quotation is 2450-2500 yuan / ton first line, the demand is not good; the quality good cotton short pile quoted price is 7800 yuan / ton, the market inquiry volume rises, the turnover volume is general.

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 paction has started slightly.