Cotton Vice Market: Pressure On Overseas Cotton Market

The new crown spreads rapidly across the world. The market is worried about the global economic slowdown and hit the financial market. The biggest decline since 1987 is the US stock market, which triggered a three week trigger in two weeks, and crude oil prices plunged 9.6%. However, due to the fact that most cotton manufacturers did not start and the supply of cotton by-products was limited during the epidemic period, the drop in prices was not widespread.

In March 17th, cottonseeds were mostly closed and regional prices fluctuated. Early cotton seeds fell too fast, traders shipped carefully, the market circulation of cottonseed less, and ranch just needed, local traders have the intention to raise prices. In addition, Xinjiang to the mainland vehicles are difficult to find, freight prices rose, boosting local cottonseed prices, but the cotton by-product market is not good, the mainland oil factory in order to avoid risks, more with the use of mining, suppress individual cottonseed prices fell, expected short-term cotton seed prices or shock finishing.

In March 17th, the price of cotton oil was still high, and prices in some quotas remained stable. Prices in individual quotas continued to fall. The catering industry has gradually resumed, but most of them are sold in the form of takeaway. The turnover of cotton oil has not improved significantly. Some of the cottonseed oil factories have greater psychological pressure. They are more likely to sell with production, and the transaction price is lower. The short term situation of cotton oil is difficult to change. However, some oil plants have contracts to be sent out, and a small amount of spot stocks can not be sold at a low price, so that the cotton oil is temporarily slightly resistant.

In March 17th, cottonseed meal prices remained stable, and regional quotas increased. The overall start-up rate of cottonseed oil plant is still not high, and Xinjiang cotton pulp market is tight, and cotton oil continues to fall, but manufacturers have strong appetite, but the price difference between soybean meal and cottonseed meal is too small, and the new crown epidemic affects the aquaculture industry. Feed enterprises reflect poultry sales in March dropped by over 2, and aquatic demand is also in the off-season. Shock finishing.

Cotton staple prices remained stable in March 17th, and prices in individual quotas declined. The downstream demand is light, and the cotton oil producers are not fast enough to suppress the short staple market. However, the overall start-up rate of the cottonseed oil plant is not high, and the short supply of goods from the market is limited, which limits its decline. It is estimated that the short-term cotton lint price or stability is the main and local fluctuation finishing.