Cotton Market: Abundant Resources, High Quality Cotton Scarcity

Cotton vice market in August China's new manufacturing PMI initial value of 47.1, the lowest in March 2009.

Highlights the weak basic demand, the oil market is still in the corresponding sales slack season, the performance is not optimistic, buyers and sellers conservative operation.

With the expected harvest of soybeans and the increase of soybean planting area in South America, CBOT soybean futures prices still have room to fall, or continue to suppress the market price of domestic oils and fats.

According to information staff, palm oil has fallen in the oil market today, with a drop of 150 yuan / ton, and over 200 yuan / ton in some areas.

It is also hard to escape the downturn in the pattern of low sales.

Cottonseed oil is used as a small oil species.

Almost exhausted, the cottonseed oil plant is in the processing stage. The low social inventory supports the market price to be strong. Currently, the main production area of Shandong Xiajin area three grade cotton oil mainstream report 5100-5150 yuan / ton, and soybean oil price difference is only 400 yuan / ton, far less than the rational substitution, market trading only to maintain the rigid demand.

It is understood that

In the eastern part of the cotton area, the seed cotton market has been accelerated, and the national cotton store sale has been running low and the price has continued to go down. In the end, in August, some cotton enterprises in Akesu, such as Sha ya, Kuche and Awati, reflected that there was still a small number of cotton ginning enterprises failed to realize the "double knot zero" in the end of August. Even though the sale of cotton liners was not easy to find buyers, the cotton enterprises were expected to suspend the sale of national cotton stores at the end of August. When the price of new cotton began to increase, the Chen cotton market was held up in the year of 2014/15.

According to the feedback from the information staff, as the new cotton market is approaching, the cotton lint preserved by the small and medium-sized cotton enterprises in Anqing cotton growing area of Anhui province has bottomed out.

It is understood that only a handful of cotton enterprises in Anqing have cotton lint and a small quantity.

Although there are still 200 tons of good quality lint in the large factory warehouse in Wangjiang County, and the "three silk" lower quality lint is not out of the warehouse, it has been booked by a textile factory in the province for 13000 yuan / ton net weight pick up price half a month ago. The remaining more than 100 tons of lint in a large factory in Susong county have been booked by a textile factory in the city.

In recent days, textile mills and cotton traders are looking for spot lint.

Related news

1, the industry pointed out that in the short term, the necessity of reducing interest rates will still exist. Apart from solving the problems of liquidity contraction and high financing costs at the practical level, more signals can be delivered to the market to convey the government's position of steady growth.

2, Barclays strategist said on Monday (August 24th) that the yuan will probably fall by another 8% by the end of 2016, and is likely to drag most of the world's currencies against its devaluation.

3, Barclays strategist said on Monday (August 24th) that the yuan will probably fall by another 8% by the end of 2016, and is likely to drag most of the world's currencies against its devaluation.