Liangshan Cotton City Profits Less &Nbsp; Market Stagnation To Stabilize
Recently, cotton market has many advantages.
Quotation
It is difficult to be fully active. Cotton seed sales in Shandong, Jining and Liangshan are generally poor, and cotton seeds are not performing well.
Local seed cotton market performance in general, some manufacturers purchase
Unginned cotton
The price is 3.70-3.80 yuan / jin (lint 37-38%, moisture 14-15%), maintaining stability; the four class lint factory price is 17000-17500 yuan / ton (without ticket), there is no market price; cottonseed output price is 0.94-0.96 yuan / Jin, and some quality is better, the factory price is raised to 0.98-1.00 yuan / Jin line, compared with last weekend.
rebound
0.02 yuan / Jin line.
The price of local cotton continued to be weak, with the factory price of cottonseed oil at 7400-7450 yuan / ton; the 40% cotton cottonseed meal quoted price at 1700-1750 yuan / ton; the better quality cotton short linen factory price was 4000-4300 yuan / ton, and the turnover was not ideal.
Manufacturers reflect that cotton seed prices are hard to fall, but cotton by-products are weak and difficult to rise.
There are two main reasons: first, the local cotton seed utilization rate is relatively low, and cottonseed products are less expensive.
Two, the price of cottonseed in the field is high and it is difficult to purchase. Some oil and cotton factories have to raise the price to buy local cotton seeds to ensure the operating rate.
Faced with such a low market, the oil and cotton mills can barely maintain their jobs and survive in crevice.
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