Pressure Is Not Reduced By &Nbsp; Cotton Lint Market Is Hard To Say.
At the moment, when cotton staple is on sale in large quantities, most cotton companies in Shandong and Hebei do not have short staple cotton stocks.
After the national day, the market basically maintained weak shocks.
Under the constraint of the turbulent international economic situation, the cotton lint market is not optimistic.
Oil refinery loses much in processing.
Since September 31st, soybean futures in Chicago Futures Exchange (CBOT) have suffered 4% setbacks, and cotton by-products market has dropped in series.
Among them, the mainstream price of the three grade cotton oil in the north main production area is only 8700-8800 yuan / ton, which is 200 yuan / ton lower than the main price before the festival, and the cotton pulp market is also weaker than before.
At present, the demand for cotton spot market is sluggish.
Most cotton ginning mills buy cotton seeds at lower prices to reduce costs, while cotton farmers are affected by the high price of cotton last year.
The running rate of the ginning plant is poor.
cottonseed
Output is limited.
Therefore, although the market prices of cotton by-products went down all the way, the price of cottonseed seed purchased by the oil factory was once elevated to the current mainstream in the north to 1.30 yuan / Jin line, which was more than 0.07-0.08 yuan / Jin before the festival.
Some oil plants purchase for controlling cost, but purchasing is basically unlimited.
The high price of cottonseed makes the oil factory plunge into deep losses.
According to Chuang Chuang, if the price of cottonseed can be controlled at 1.25 yuan / Jin, the profit of the oil plant can be drawn, but the current price of 1.30 yuan / Jin is obviously obvious.
Therefore, the current 8 or more oil companies have adopted a cautious wait-and-see attitude, stopping and shutting down.
The output of cotton lint is limited, and some oil factories are reluctant to sell.
The market of supporting cotton lint is smaller than that of other cotton byproducts.
At present, the mainstream cotton grade cotton lint in Xiajin District of Shandong is at 5500-5700 yuan / ton, and the output of long silk propeller grade cotton lint is 5200-5300 yuan / ton, which is basically the same before the holiday.
Downstream market is expected to be poor cotton
Short pile
Market pressure
Today, the cotton pulp industry conference was held in Zhengzhou.
Pulp conference issued October guidance price, of which the national standard grade 1 short silk grade cotton pulp price was 12000 yuan / ton, down 500 yuan / ton from last month.
Judging from the current market, the price of 12000 yuan / ton is much more difficult this month, and some mainstream manufacturers expect the price to be 11000 yuan / ton in October.
Downstream viscose staple market, early industry conference information reported that through the market short filtering, the mainstream manufacturers 1.5D*38mm quotes to guide the price of 19500 yuan / ton closer.
However, as the downstream demand has changed little in the short term, and the current trend has been sticky, most people are watching.
It is understood that the current mainstream 1.5D*38mm manufacturers traded at 19000-19300 yuan / ton, trading volume is limited, the market is more priceless without market status.
The weak market continues to inhibit the cotton lint market.
Today, some pulp mills have taken the lead in reducing the purchase price of cotton lint by 200 yuan / ton. Although the turnover is limited, the cotton lint market is still facing greater pressure.
No pressure on cotton short staple market is hard to say.
Short-term,
Cotton lint
The market is down or limited under the support of cottonseed height.
But from the downstream perspective, cotton pulp pressure down is bound to affect the cotton lint market.
Zhuo Chuang expects that the market pressure of cotton lint is still undiminished.
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