Market Quotation: Market Analysis Of Cottonseed Oil And Cottonseed Meal In The Industrial Chain

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In the last two weeks (from May 20, 2024 to June 2, 2023), the market of cotton oil and cotton meal was difficult to stabilize, with a small number of transactions. The price of cottonseed continues to rise. Oil cotton mills maintain a small amount of purchase and processing, and the operating rate is still low.

　 Cottonseed: limited supply, relatively stable price

In the last two weeks, a small number of ginning plants in the mainland purchased and processed seed cotton. The stock of seed cotton was insufficient, the price was firm, the purchase and sales were small, and the lint turnover was flat. The processing of Xinjiang seed cotton has mostly ended, the supply of cotton seeds is limited, and the price is relatively stable. The continuous rise of cottonseed oil supported the rise of cottonseed price. As the stagflation of cottonseed meal slowed down, the increase of cottonseed was limited. Oil cotton mills did not purchase much cottonseed. In the future, pay close attention to the market trend of cotton by-products, and the price of cottonseed is in a dilemma.

　 Cotton oil: the cost remains high and the market returns

In the last two weeks, the futures soybean oil rose in shock, and the spot price was adjusted accordingly. The mainstream price of first-class soybean oil in coastal areas at the weekend was 7990-8160 yuan/ton, 110-140 yuan/ton higher than that at the weekend of the last two weeks. Futures and spot soybean oil rose, and cotton oil market recovered. The price of cottonseed has risen, the cost of cottonseed oil is still high, the operating rate of oil cotton plants is limited, and the quotation of cottonseed oil continues to rise. Referring to the soybean oil futures and spot market, it is difficult to stabilize the cotton oil market in the future.

　 Cotton meal: the manufacturer's shipment is flat and the price is difficult to stabilize temporarily

In the last two weeks, soybean meal futures and spot prices fell, dragging down the cotton meal market. The price of cottonseed rose rather than fell, the cost of raw materials was still high, the operating rate of oil cotton plants was low, and the inventory of cottonseed meal was limited. At present, the cottonseed meal is significantly high, and has no cost performance advantage with soybean meal. The shipment of cottonseed meal is flat, and the manufacturer's quotation has declined. Referring to the soybean meal futures and spot market, it is difficult to stabilize the price of cotton meal in the future.

　 Cotton linter: a dilemma of limited output and price rise and fall

In the last two weeks, the operating rate of oil cotton mills was low, and the output of cotton linters was limited. There was still a price holding mentality for cotton linters. Due to the limited purchase volume of downstream chemical fiber plants and refined cotton plants, cotton linters are sold sporadically, limiting the market development, and the quotation is weak and stable. The price of cotton linter is in a dilemma, and supply and demand are still difficult to be active.