Cotton Sub Market: Recovery Rate Of Cotton Recovery

In October 17th, cotton mills, oil plants and other cotton related enterprises began to launch. Cotton and cotton by-products increased continuously. Due to the complex market situation at home and abroad, the cotton sub enterprises and the buyers in the middle and lower reaches were still cautious. The scale of purchase was limited and the demand was weak. The cotton sub market showed a trend of oversupply, and prices continued to fall.

Cottonseed continued to decline in October 17th. The oil plant has not yet started to store cotton seeds, and it will be used more frequently with the market. The market volume is limited, and the cotton seed market is dragged down, and the freight rate from Xinjiang to the mainland is reduced. Cottonseed has not yet been listed in the southern Xinjiang. With the increasing number of new seed stocks, short-term cottonseed prices are still mainly driven by concussion, but there is still little room for further decline.

In October 17th, most of the price of cotton oil remained stable. The start-up rate of oil plants continues to increase, and the demand for oil has entered the off-season, and cotton oil has been used as a blending oil, which has been a drag on cotton oil market. However, the current price of oil during the day has been rising, which has strengthened the willingness of the cotton oil plant to get the oil, or is conducive to limiting its retreating space.

In October 17th, cottonseed meal prices remained mostly stable and partially declined. The start-up rate of the oil plant has continued to increase, and the price difference between soybean meal and cottonseed meal has been too small, which has affected the demand. The manufacturer's new deal has been slack, which has depressed the price of cottonseed meal. However, local governments have vigorously resumed pig production, and the decline in pig production has obviously narrowed. Demand or improvement is in favor of limiting cotton meal's retreating space.

In October 17th, domestic cotton lint prices remained mostly stable and local fell. The start-up rate of the oil plant continues to increase, and the quantity of cotton short linen is increased, and the price of imported short staple is low. Manufacturers purchase domestic short staple carefully, and all the domestic short staple prices are suppressed. However, there are many fixed customer sources for cotton oil producers, which limit their adjustment space, and expect short term cotton lint or steady and weak finishing.