Domestic Cotton Sub Stock Tension Partial Price Rises Slightly

Supported by the rise in the external market, the soybean meal spot market slowed down recently, and the cottonseed meal performance temporarily declined, supported by the limited supply of goods and high cost.

At present, the supply of cottonseed is decreasing and the price is still high. The cottonseed oil mill is still in a deficit situation, and the operating rate is obviously insufficient.

The US crude oil futures price closed up 5.2% in April 3rd when the US crude oil inventories unexpectedly dropped in the week of April 3rd, and the expectation of frozen production agreements was raised.

Coupled with El Nino, palm oil production worries are still on the rise, causing domestic and foreign oil and oil prices rose significantly.

This week, the domestic cotton sub stock is relatively tight, and the cost is high. The rise of the external market has increased the confidence of cotton Deputy holding companies.

A slight increase.

In April 7th, the purchase price of cottonseed in China remained stable.

At present, the situation of cotton meal and soybean meal price spreads is difficult to be changed. The cottonseed meal is still running weak, and the oil refinery is hard to manage.

However, the recent domestic cotton oil market performance is still strong, and now the seed cotton purchase is basically over, the lint market continues to be weak, most of the cotton plants are in a state of shutdown, and there are not many domestic cottonseeds left.

Or will continue to rise and fall.

In April 7th,

Mostly stable, local continue to rise.

At present, domestic cottonseed prices remain high, squeezing costs are still high, and cottonseed oil sources are still lower than in previous years, the price of oil is still strong, it is expected that short-term cottonseed oil or steadily rising.

After 6 and July, cottonseed oil will be pferred to cotton producing areas for direct consumption and withdrawal from the blending market. At that time, sales will also become small batch sales, so the overall price of cottonseed oil will remain relatively optimistic.

In April 7th, domestic cottonseed meal prices remained stable.

Supported by the rise in the external market, the soybean meal spot market slowed down recently, and the cottonseed meal performance temporarily declined, supported by the limited supply of goods and high cost.

In April 7th, domestic cotton lint prices were mostly stable and individual rose sharply.

At present, the market cottonseed is less and less and the price is still high. The cottonseed oil mill is still in a deficit situation, the operating rate is obviously insufficient, and the output of cotton lint is also limited, leading to the strong psychological price of the oil factory, and the support of the individual cotton lint has risen sharply on that day.