Tight Supply Of Cotton By-Products Is Not Expected To Rebound.

The Fed's FOMC statement on March said that interest rates remained unchanged and GDP growth expectations were lowered, and two interest rates were expected to rise this year.

The Fed stated that its position was biased towards doves, resulting in a lower US dollar exchange rate and a sharp rise in crude oil, which has brought more benefits to domestic and foreign oil and oil markets.

At present, the acquisition and processing of cotton and cottonseed has come to an end in China, and the supply of cotton by-products is tight.

However, the high yield of South America is a foregone conclusion. The listing volume is gradually enlarged, and the bean bean rebounding space is limited.

Share continued to impact, and the market is still relatively cautious.

In March 17th,

Prices remain stable.

At present, the rebound of domestic by-products is still weak, the situation of squeezing losses in cottonseed oil refineries is difficult to change, and the raw materials for purchase at high prices are relatively prudent, with limited quantity of purchase and temporary stabilization of cottonseed.

However, the acquisition of seed cotton is basically over. Most cotton mills are still in a state of shutdown, and few cottonseeds are imported. The cottage seed market is also less and less. Cotton mills and businesses still have strong price intentions. Therefore, the short term cottonseed market is expected to remain stable and strong.

In March 17th, domestic cotton oil prices were mostly stable and local slightly increased.

Domestic and foreign oil and oil materials rose, adding a positive atmosphere to the market, and domestic cottonseed prices remained high. The cost remained high. Compared with cotton oil stocks in the past few years, there was not much support for the stock market. The price of oil plants was still strong, and individual cotton oil rose slightly in Xinjiang on that day.

In March 17th, domestic cottonseed meal prices remained stable.

The pressure on the listing in South America, the downturn in domestic aquaculture and the large volume of soybeans coming to Hong Kong in the coming months, and the overall weakness of soybean meal are hard to change. At present, the price difference between cottonseed meal and soybean meal is hard to change, and the downstream aquaculture industry is still in a seasonally low season, and the consumption of terminal feed is relatively slow, which restricts the cottonseed meal market.

March 17th, China

Maintain stability.

At present, the purchase of some chemical fiber factories and refinery factories is still cautious. The market mainly depends on wait-and-see, and the cotton lint market is still slack, which inhibits the market of cotton lint.

However, at present, the price of cottonseed has continued to rise, the start-up rate of cottonseed oil plant is low, the output of cotton lint is limited, and the price of cotton pulp has increased recently, which has also added positive support to the market.