Cotton Market Trend Unknown Manufacturers Stop More Risk Aversion

Last week (from September 23rd to 29th), the quantity of seed cotton increased gradually, and the National Day holiday and the market direction were not clear. In order to avoid risks and reduce the pressure brought by changes in post market quotas, most processing plants stopped temporarily, and individual purchasers reduced the price of seed cotton and cottonseed purchase, and the market tended to be rational.

Cottonseed: small price rise, big drop oil factory acquisition

At the beginning of last week, cottonseed was small because of the shortage of goods, but it rose slightly in some areas. However, with the increase of seed cotton listing, the supply of cottonseed increased, and the downriver oil and cotton mills stopped more. After the national day, with the increase of the operating rate of the cotton and cotton plant, the price of cottonseed will fluctuate, but the supporting strength of the downstream cotton by-products is more critical. The actual supply and demand of cotton seeds and the supporting strength of downstream cotton byproducts are the key to positioning the price of cottonseed, and the whole operation will remain stable.

In September 29th, there were more shut-down operators in the factories, and some factories bought small quantities. The new cottonseed listing is still limited, and local prices are rising and falling. The purchase price of new cottonseed is 1.23 to 1.28 yuan / Jin line, (water 13 - 15%, oil 11.5-13%) down 0.03 - 0.06 yuan / Jin compared with the previous week. 新疆棉籽多停收；河北省新棉籽收购价格在1.23－1.25元/斤，下跌0.03－0.075元/斤，新疆棉籽多停收；河南省质量尚可新棉籽报价1.22元/斤，持平，少量成交；湖北省新棉籽价格在1.15－1.18元/斤，下跌0.02－0.05元/斤，少量成交；江西省锯齿棉籽零星报价1.18元/斤（含油11%，水分13%），下跌0.02元/斤，皮辊棉籽1.00－1.05元/斤，持平，有价无市，少有成交；山西运城地区棉籽报价1.15元/斤，下跌0.02元/斤有价无市，多停收；陕西省棉籽价至1.15元/斤，下跌0.02元/斤，少有收购者；新疆地区新棉籽出厂价在1.05元/斤，下跌0.075元/斤，货量少，目前因运输车辆较少，出疆量不大。 (mainly in the area of ",", "and".

Cottonseed oil: futures oils and fats reduce cotton oil, less price.

Last week, futures soybean oil fell sharply, and spot prices fell. Over the weekend, the price of first class soybean oil in coastal areas reached 5850-6050 yuan / ton, down 60-160 yuan / ton compared with the previous week, futures and spot soybean oil fell, and the demand for downstream oil and fat was not good. Cottonseed supply slightly increased, downriver oil and cotton mills shut down more, individual acquisition companies to avoid risks, substantially reduce the purchase price of cotton seed, dragging the market for cotton oil. However, due to insufficient stock of cotton oil, the manufacturers still have a reluctant mentality to sell their goods at a price and fail to follow the drop in soybean oil prices. After the National Day holiday, cotton oil is expected to refer to the trend of soybean oil and adjust its quotation according to the actual demand and supply of the market.

The price of washing cotton oil in the area was 5350-5400 yuan / ton, unchanged, and the price was 5350-5400 yuan / ton. The price of the washing cotton oil was 5400 yuan / ton and the price was unchanged. The price of washing cotton oil at 5300 yuan / ton was flat; the retail price of the province was at 5400 yuan / ton, flat and retail; the provincial price was 5200-5300 yuan / ton, the price was flat, the goods were small, the retail price was mainly; the provincial price was 5200-5300 yuan / ton, the price was flat, the goods were less expensive, and the area was 4700 yuan / ton. In September 29th, the price of 5350-5500 yuan / ton of cotton oil was estimated.

Cottonseed meal: soybean meal fluctuation adjustment and cottonseed meal stability

Last week, futures soybean meal shocks were adjusted and spot products followed accordingly. On the weekend, the 43% protein soybean meal price in the coastal area reached 2880-2990 yuan / ton line, which fluctuated 10-30 yuan / ton compared with the previous week. Futures, spot soybean meal price fluctuations finishing failed to effectively support the cottonseed meal market. Cottonseed prices fell at a high level, and there was no advantage in the difference between cottonseed meal and soybean meal, and terminal demand remained weak, restricting the pace of its rise. However, the current shutdown rate of oil and cotton plants is relatively high, and cottonseed meal stocks are not large. After the national day, cottonseed meal will be adjusted according to the trend of soybean meal and adjusted according to the actual supply and demand.

The price is 3520-3550 yuan / ton, flat, a small number of transactions; the 46% protein in the province, the Aspergillus flavus cottonseed meal 3150-3200 yuan / ton, flat, 50% high temperature protein cottonseed meal partial high price 3300-3350 yuan / ton, flat price, no market price; 46% 46% cottonseed meal 3200 yuan / ton line, 50% protein 50% yuan / ton, flat price, no market price; the price of Guizhou Province's protein is RMB yuan / ton, flat, no price, no market, retail is the main. In September 29th, the price of 46% protein cottonseed meal in the province was 3150-3250 yuan / ton, unchanged from the previous week, and 50% high temperature protein cottonseed meal. The area 46% protein is quoted to 2900 yuan / ton, flat, because there is no difference between the mainland and the mainland, there is not much difference. At present, some manufacturers accept pre-sale processing, and the price of 46% protein cottonseed meal is 2750 yuan / ton.

Cotton lint: supply and demand before the festival is quiet and the price is stable.

Last week, futures lint was on the low side and the spot market was weakening. Cotton lint is sold at a price and the market is flat. Due to the high rate of downtime in the oil and cotton plant, the short output of cotton lint and the short shipment of the manufacturers, the downstream chemical fiber factories and refined cotton factories are also unable to purchase cotton lint in large quantities because of low operating rate. It is expected that after the national day, cotton lint will remain stable.

9月29日，山东省质量较好棉短绒报价在3700－3900元/吨一线，食品级报价4000－4100元/吨，个别高价4400元/吨，较前周持平；河北省食品级棉短绒报价3700－4500元/吨，持平，有价无市；河南省食品级棉短绒报价在3900元/吨，质量一般者报价3500元/吨，持平，少有成交；山西省质量较好报价4200元/吨，有价无市；湖北省食品级报价4200元/吨，局部食品级不落地棉短绒高价至4500元/吨，个别低价者3600元/吨，持平，有价无市，少有成交；陕西省食品级高价至4300元/吨，局部不落地食品级棉短绒高价至4500元/吨，有价无市，成交可议；江西省价报至3800元/吨，局部低价3500元/吨，持平，有价无市；新疆地区棉短绒较高价至3300－3500元/吨，低价在3000－3100元/吨，持平，少有成交。