Cotton Market Has Become More Confusing And Uncertain.

The price of cottonseed rose first and then fell, and the latter half was positive. The Mid Autumn Festival holiday lasted three days.

From the original listing to become a confused and uncertain, there will be a clear positioning after the festival.

Cottonseed meal: low external demand and flat market demand

Last week, from Monday to Wednesday, futures soybean meal lows down, and spot stocks are stable.

On the weekend, the 43% protein soybean meal price in the coastal area reached 3150-3230 yuan / ton line, which was 20-30 yuan / ton lower than the previous week.

There is no price difference between cottonseed meal and soybean meal, especially in the new stock market.

However, due to the high price of cottonseed prices in the first half of last week, cottonseed meal was supported, and its price was strong. But during the holiday period, the price of cotton seed was stagnant, which brought more pressure to cottonseed meal. The market was expected to be lowered after the holiday, but the downward trend was closely related to the trend of soybean meal and the stock of cottonseed meal. The overall adjustment would still be limited.

Tons, during the festival, there was basically no deal, 50% high temperature protein cottonseed meal price 3300 yuan / ton first line, holding price; Hebei province 46% protein cottonseed meal price 3120-3180 yuan / ton, 50% Dephenol low temperature protein cottonseed meal price to 3300 yuan / ton, high price reduction 100 yuan / ton, goods less holding price; Henan 46% protein cottonseed meal 3100 yuan / ton, there is no market price, retail mainly; Hubei province protein price quoted yuan / ton, retail mainly, few pactions; Shaanxi province low temperature dephenolics protein cottonseed meal quoted price yuan yuan / ton, the price has no market; Jiangxi province protein protein cottonseed meal quotation yuan yuan / ton, flat, retail mainly, there is no market price. In September 18th, the price of 46% protein new cottonseed meal in Shandong province was 3240-3260 yuan /

The price of 42% protein cottonseed meal in Xinjiang area is 2600-2640 yuan / ton, and the high level is 20 yuan / ton.

Due to the current main cotton seed trading in Xinjiang, after the festival, vehicle pportation will investigate super tons of overload. The distribution vehicles from all over the country are now phasing out to Xinjiang for distribution, resulting in a sudden drop in cotton seed prices in Xinjiang.

During the festival, local cottonseed quotations dropped from 2700-2800 yuan / ton to 2500-2680 yuan / ton.

After fifteen August, the running rate of the local cotton ginning plants will also increase gradually, and the cottonseed supply will be slightly better than before the festival.

In order to avoid risks, the purchase price of the oil and cotton mills in the mainland has been receded accordingly, and most of the manufacturers have switched from small purchases to wait-and-see plans.

In the future, cottonseed will not continue at a high level and will eventually be repositioned according to the price of supply and downstream cotton byproducts.

In September 18th, Shandong oil and cotton factory shut down many times, a few processing factories sporadic acquisition, of which the mainland cottonseed price quoted at 1.55-1.58 yuan / jin (moisture 12-13%, oil 11.5-13%), Xinjiang cotton seed sporadic to factory price from the first half week high 1.71-1.73 yuan / Jin down to 1.60-1.63 yuan / Jin line, Zhou first rise and then fall, the adjustment range is 0.10-0.11 yuan / Jin, there is no market price.

Good cotton seed quotes 1.50 yuan / jin (water 12-16%, oil 13%), the new seed to the factory price 1.62 yuan / Jin, stopping at multiple locations; the quality of Henan province cotton seed 1.57 yuan / Jin, multiple stops; the quality of Hubei cotton seed price is 1.22-1.25 yuan / Jin, holding price, no price, no market place, and Jiangxi's sawtooth cottonseed price quoted 1.22 yuan / kg (oil 11%, water 13%), there is no market price, there are few pactions; Shanxi Yuncheng area quotes 1.22-1.25 yuan / Jin, goods less holding price, multiple stop collection; Shaanxi province quality is very good, cottonseed price is high to 1.32-1.35 yuan / Jin, goods less holding price, price without market. Xinjiang area according to the different cotton seed output quotes dropped to 2500-2680 yuan / ton line, down 120-200 yuan / ton line, temporarily difficult to reach the frontier; Hebei quality.

Cotton lint: a small number of new floss listed, there are many places without price.

Last week, futures lint low adjustment, market guidance is not strong, cotton lint remain warm.

Profit factor: in the first half of the week, the new cottonseed market opened up, and the operating rate of the oil and cotton plant was limited, which effectively supported the market of cotton lint.

Negative factors: the price of imported cotton lint is low.

In general, the procurement of refined cotton plants is generally motivated by environmental protection, which restricts its operating rate, and the demand for domestic cotton short staple is limited.

The future cotton lint will be restricted by supply and demand. The price will remain high in the short term, and the pressure of the back market will increase.

Cotton lint is high to 6000-6200 yuan / ton, flat, price free, basically no deal; in Henan, the mainstream price of food is 5800-5900 yuan / ton, some areas are 5500 yuan / ton, less than the previous week, and there are few pactions; the quality of Shanxi is better than 5500-5600 yuan per ton, flat price, no market price; Hubei food price quotas 5400-5600 yuan / ton, flat, few pactions; Shaanxi food grade high price to 5500-5600 yuan / ton, flat, no market price; Jiangxi price to 5600-5700 yuan / ton, flat, few pactions; Xinjiang quality better cotton short staple price 5400 yuan / ton, local high level 5400 yuan / ton, flat, a small number of pactions. In September 18th, Shandong's food grade cotton lint price was quoted at 5600-5950 yuan / ton, and the new short staple price was 5200-5400 yuan / ton. During the festival, there was more than no price in the market. The quality of Hebei province was better than the price of 5700-6000 yuan / ton.