Local Quotations Slightly Increased Due To Tight Domestic Cotton By Stock

Supported by the rise in the external market, the recent decline in soybean meal spot slowed down, and supported by limited supply and still high costs, cotton meal temporarily resisted the decline. At present, the supply of cottonseed in the market is becoming less and less, the price is still high, the cotton oil plant is still in a loss situation, and the operating rate is obviously insufficient.

Due to the unexpected decline of EIA crude oil inventory in the week of April 3 in the United States, the market's expectation for oil producing countries to reach a freeze production agreement rose again, and the crude oil futures price closed up sharply by 5.2%. In addition, the fear of palm oil production reduction caused by El Ni ñ o is still on, which triggered a significant rise in domestic and foreign oil prices. This week, the domestic cotton subsidiary stock was relatively tight, and the cost remained high. The rise of the external market increased the confidence of cotton subsidiary holders in maintaining prices Quotation of cotton Slightly up.

On April 7, the purchase price of domestic cottonseed mostly remained stable. At present, restricted by the small price difference between cottonseed meal and soybean meal, cottonseed meal is still weak, and oil plants are difficult to operate. They are cautious about the purchase of cottonseed at high prices to curb the market of cottonseed. However, the recent performance of the domestic cotton oil market is still strong. At present, the purchase of seed cotton is basically over, and the lint market continues to be weak. Most cotton mills are in a shutdown state. There is not much domestic cottonseed left. In the later stage, the market supply is getting less and less, and the merchants holding the goods are still very expensive. Therefore, it is expected that in the later stage Cottonseed market It may still be easy to rise but difficult to fall.

On April 7, Domestic cotton oil price Most were stable, while some continued to rise. At present, the price of domestic cottonseed is still high, the crushing cost is still high, and the supply of cotton and oil is still relatively low compared with previous years. Oil mills are still willing to support the price, and it is expected that the cotton and oil will continue to rise steadily in the short term. Since the cotton oil will be directly consumed by the people in the cotton producing areas after June and July, and will be withdrawn from the blending market, the sales mode will also be small batch sales, so the overall price of cotton oil is still relatively optimistic in the future.

On April 7, the price of domestic cottonseed meal remained stable. Supported by the rise in the external market, the recent decline in soybean meal spot slowed down, and supported by limited supply and still high costs, cotton meal temporarily resisted the decline.

On April 7, the price of domestic cotton linter was mostly stable, with some rising sharply. At present, the supply of cottonseed in the market is becoming less and less, and the price is still high. The cotton oil plant is still in a loss situation, the operating rate is obviously insufficient, and the output of cotton linter is also limited. As a result, the oil plant still has a strong price mentality, supporting the sharp rise of individual cotton linter on that day.