New Cotton On The Market Soon, Cotton Price Is Still Strong

At present, the new cottonseed will be listed soon. Although the market pressure has appeared, the overall cottonseed price is still relatively strong. In addition to the small stock of cotton by-products market, the support factors from the external market are relatively large. According to reports, the Midwest part of the United States The continued dry weather in the region may damage the soybean yield potential, and two US traders said that China may continue to purchase large quantities of U.S. beans, which both boosted the price of U.S. beans. It is expected that the short-term U.S. beans are still likely to rise, or will continue to give cotton by-product prices to bring support.

Cottonseed prices fell in some areas. Due to the difficulty in finding vehicles for going out of Xinjiang, cottonseed export is still affected. In addition, the price of old cottonseed is too high, and the new cottonseed will be listed soon. The purchasing enthusiasm of cotton oil factories is not high, which all drag down the decline of cottonseed market. But cottonseed supply is less, temporarily supporting cottonseed market. It is expected that the short-term cottonseed will continue to run at a high level due to tight goods or temporarily, and the new seeds may face a periodic callback after being listed on the market.

Cotton oil prices remained stable. With the arrival of soybeans in Hong Kong, the pressing capacity of Pang Ambassador remained high, the soybean oil inventory continued to increase, and the peak season of packing oil preparation was coming to an end, which was detrimental to the oil and fat market. In addition, new cottonseed was coming into the market, and manufacturers were cautious in raising prices, which restricted cotton oil prices. However, due to the continuous rising of American beans, the import cost has been continuously increased, the domestic oil price has risen sharply, and the price of aged cottonseed is high, and the manufacturers have no inventory pressure, which all support the cotton oil market. Short term cottonseed oil is expected to be mainly strong shocks.

Cottonseed meal prices remained stable. Due to the large number of soybeans arriving in Hong Kong and the high pressing volume, the soybean meal inventory continued to rise. Some oil factories actively urged the delivery due to the expansion of the warehouse, and the feed factories modified the formula, and the demand and delivery of cottonseed meal were poor, all of which suppressed the price of cottonseed meal. However, the cottonseed price is too high. Under the effect of high cost, the manufacturers are more willing to support the price, and even the meal rose slightly on that day. The spot price of coastal soybean meal rose by 10-20 yuan / ton, which brought some benefits to the cottonseed market. It is expected that short-term cottonseed meal or narrow range oscillation is the main trend.

Cotton linter prices remain stable. Due to the impact of the epidemic, the downstream market demand is not as good as in previous years, which to a certain extent drags down the cotton linter market. However, at present, the start-up rate of cotton oil plant is relatively low, and the manufacturers have no pressure on cotton linter inventory. In addition, the high price of cottonseed all support the price of cotton linter. Short term cotton linter prices are expected to remain stable.