New Cotton Listing May Be Postponed.
Because of the United States
soybean
The overall excellent rate and pod rate are no less than in previous years. The output of the US bean will still be a record. In addition, the latest purchasing managers' index of the euro area in August has dropped slightly, indicating that the economic recovery in the euro area has slowed down. The US dollar has been pushed up by hedging buying, and the US stocks and crude oil futures have continued to decline.
Domestic port soybean stocks are huge.
Sale
The pressure is greater, and the market for cotton pairs is also bad.
However, due to the tight supply of cotton by-products, and the possibility of postponing the listing of new cotton, the support of cotton sub market is strong, and most products remain stable.
In August 24th, domestic cottonseed trade was still in the doldrums.
Quotation
Stabilize.
On the same day, many areas such as Hebei and Shandong were still overcast and rainy, the air was humid, the roads were muddy, and the cotton seed trade was forced to stop. Most of the areas were in the state of no market price.
In the south of China, despite the limited acquisition of new cotton and limited processing conditions, there are no new cotton seeds listed and there are no quotations.
Most of the cottonseed oil is stable.
On the same day, domestic soybean oil and palm oil were oversold and rebounded, giving the cotton oil market a lot of support.
The supply of cotton oil market is tight, and most of the oil plants have been shut down, the overall supply of cotton oil has declined, the oil factory has a better mentality of shipment, and domestic cotton oil support is still good, with little room for reduction.
The demand for cottonseed meal is stable and quotations remain unchanged.
Although the prices of domestic soybean meal and rapeseed meal have declined, cotton meal price is still more obvious than price advantage, feed enterprises are still strong in demand for cottonseed meal, and domestic livestock industry has signs of recovery, and livestock and aquatic products demand steadily increased, all of which play a supporting role in cotton pulp Market.
Cotton lint supply and demand is light and market is stable.
At present, the supply of cotton lint has been very limited, but there is no intention of purchasing cotton pulp factory. The buyers and sellers are deadlocked and the market atmosphere is low.
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