Domestic Cotton Sub Market Turnover Weak Market Stagflation

It is understood that the recent soybean meal continued weak, so that the market to buy caution, cottonseed meal is slightly blocked, curb its market.

And domestic cotton short staple is not quoted, and a small number of manufacturers offer stable prices.

At present,

Still facing the complex situation, on the one hand, domestic cotton production and cotton by-products supply are limited; on the other hand, the macroeconomic situation is not optimistic, the market demand in the middle and lower reaches is weak, the prices of related products continue to fall, giving cotton by-products pressure.

In addition, South American soybeans will be on the market. The price pressure of cotton byproducts will not decrease in the future. The relevant manufacturers will be cautious in entering the market, and the cotton by-products will be under pressure.

In March 1st, the purchase price of cottonseed in China remained stable.

at present

Still vulnerable to running, cottonseed meal rose is still blocked, the current cottonseed squeezing deficit is still difficult to change, cotton oil factory high priced raw materials procurement is also more cautious, part of the processing plant is still dominated by consumer inventory, the market wait-and-see mood is still on the same day, the overall procurement volume is still small, still inhibit its market.

In March 1st, domestic cotton oil prices stagnated and stabilized.

At present, the start-up rate of cotton oil plant is still low, and the supply of cottonseed oil is limited. With the support of high cost, the price of oil factory is still strong, and the cottonseed oil is also hard to fall.

When the pressure on the market of South American beans is further increased in the 3-5 month, the pressure or increase of the bulk oil market will drag down the cotton oil. But due to the limited supply of cottonseed oil, even if the oil comes down, the rate will not be great.

In March 1st, domestic cottonseed meal prices stabilized.

Recently, soybean meal continued to be weak, which made the market cautious.

However, short term cottonseed meal is also hard to fall or is still relatively stable due to the limited supply and high cost.

In the 3-5 month, the pressure of the soybean market will increase further, and the soybean meal will further slide down, with a risk of below 2400 yuan per ton. At that time, the price of cotton pulp may be subject to moderate callbacks.

In March 1st,

Not many quotations, and a small number of manufacturers' quotations remained stable.

Due to environmental problems, part of the chemical fiber plant and refinery plant operating rate is also affected, and some refinery years ago have stock, no hurry to purchase, and a small part of the purchase is mostly used to buy, cotton short fiber market turnover is still light.