Cotton Vice Market: External Pressure Is Still Big Trend Is Hard To Say Optimistic.

At present, Sino US trade relations are facing a dangerous situation. The global epidemic situation is still grim, and the consumption area of agricultural products has been severely damaged. With the increasing volume of imported soybeans, the supply of domestic oilseeds and other products has been eased, and cotton by-products have also been negative. It is estimated that the price of cotton by-products is not optimistic in the near future, and buyers should be cautious in entering the market.

Cottonseed prices are mostly stable and local prices have risen slightly. National Road resumption fees, Xinjiang to the mainland freight increase, coupled with a small amount of cottonseed, cottonseed traders price, Xinjiang cottonseed prices to the mainland. The bulk oil meal fell, cotton by-products shipped poorly, the mainland oil refinery squeezed profits losses, low start-up rate, cautious acquisition. Short term cotton seed quotation or concussion in Xinjiang is expected.

The price of cotton oil has dropped. Affected by the drop in soybean prices, domestic oil prices fell with the plate. The base of the oil is empty and the cotton oil is dragged down. The price of Xinjiang cottonseed to the mainland oil factory is rising. The cotton oil plants within the territory have locked more contracts, and the Xinjiang cotton oil has a relatively small decline.

Cottonseed meal prices fluctuated slightly locally. In the face of cost and supply side, the mainland oil refinery raised the price of cottonseed meal. The toll roads nationwide have resumed charges, and the price of Xinjiang cottonseed meal has been reduced. The epidemic is still spreading all over the world, causing heavy damage to the catering industry. The demand for meat is greatly affected, and the confidence in the pulp market has been hit. Due to the huge volume of profit and the large volume of subsequent ports, the start-up rate of the soybean oil plant has increased, and the dealers are eager to continue to cut down the soybean meal quotations, which are all dragging down the demand for cottonseed meal.

Cotton lint prices remained stable and prices fell in individual regions. The market demand for cotton lint is weak, and the shipment is slow, which is a drag on the short staple market. The price of cotton seeds in Xinjiang is rising, the start-up rate of the cotton oil plants in the mainland is relatively low, and the output is limited, which limits cotton lint down. It is estimated that the price of short term cotton lint will be stable and the price in some regions will fall.