The Contradiction Between Supply And Demand Of Cotton Seeds Obviously Supports The Cotton Market.
Although the sales of cotton by-products such as cottonseed oil and cottonseed meal have slowed down recently, the market has fluctuated. However, under the support of high cost, the price of cotton vice has declined, and the market is still easy to rise and fall.
In November 12th, cottonseed prices were mostly stable and partial market fluctuations. Xinjiang cottonseed price is high and chaotic, oil factory procurement cautious, market turnover atmosphere is not good, dragging the cotton seed market, but this year cottonseed products decreased compared with last year, supply and demand contradiction is more obvious, cotton ginning factory reluctant to sell, support cottonseed market, it is predicted that the overall trend of cotton seed will not change. Buyers can still buy the right amount of replenishment.
In November 12th, most of the price of cotton oil remained stable and local rose. There is no stock of cottonseed oil in the market, and the spot market is small, and the price of cottonseed is high, which supports the market situation of cottonseed oil. But local manufacturers have fewer enquiries, and the new ones are not good enough, or limit their speed up. Pre season stocking season will start soon, cottonseed oil will continue to maintain a trend of overall volatility.
In November 12th, cottonseed meal prices were mostly stable, partial decline. The price difference between soybean meal and cottonseed meal has a small impact on demand, and local manufacturers have not been able to deliver their goods recently. In addition, the price of coastal soybean meal has dropped, which has dragged down the cotton meal market. However, the pig and egg poultry stores have picked up, and the demand for the latter is expected to be warmer.
In November 12th, domestic cotton lint prices were stable. The price of cottonseed is high, and the cost surface supports short staple market, but the price of imported short staple is low. Manufacturers purchase carefully made domestic short staple. In addition, the lower start-up rate of the downstream factories is low, the market volume is limited, all the domestic short staple prices are suppressed, and short-term short staple or stable concussion is expected.
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