Domestic Cotton Byproduct Market Continues To Decline

In December 12th, the central economic work conference held by the market was held in Beijing. The conference will set the keynote for next year's work priorities, which will maintain the continuity and stability of the policy for next year's macroeconomic regulatory keynote.

With the recent hot money outflow and foreign capital bearish China's economy, the RMB has declined rapidly, and the exchange rate has been down for nine consecutive days.

Domestic stock index continued to explore, fell below the 2300 point, trading volume was low again, Shenzhen composite index also set a low point.

In December 12th, domestic cottonseed purchase prices continued to fall.

The external environment is bad, the domestic cotton oil and cottonseed meal market is down, and the sales of cotton hull and cotton lint market are still poor. The enthusiasm of the oil refinery in the market has been frustrated, and the number of stopping and receiving has increased.

Domestic cotton oil market steadily fell.

Domestic stock market

Domestic cottonseed meal market demand is poor, the market is down.

After a moderate replenishment, the feed factories and traders slowed down. In order to attract procurement, the oil factory continued to reduce the price of cottonseed meal.

Domestic cotton short staple market steadily fell.

At present, the downstream products such as cotton pulp and staple fiber are not performing well. The enthusiasm of the chemical fiber factory and the refined cotton mill is not high, and the terminal demand of the cotton lint market is rather weak.