Cotton By-Product Inventory Shortage Cotton City Goods Less Or Less

Last week (4-10 July), under the influence of many external factors, futures surged and plunged.

During the off-season, the operating rate of oil and cotton plants is low.

There is a shortage of stocks and a limited reduction.

There are many cities without price.

Cottonseed: multiple stops and partial falls.

Last week, many local cotton ginning factories stopped collecting and shutting down, and cottonseeds were supplied with little supply. Some oil and cotton mills bought cotton seeds and small bow houses to maintain production. Last week, soybean oil and soybean meal plummeted, which restricted the spot market.

But in the future, it will be longer for the new seed to go on sale, and the price of cottonseed will be hard to fall, and the price bureau will remain the same.

　　7月10日，山东省油棉厂多已停工，仅四五家少量加工，厂家采购棉籽报价在1.53-1.60元/斤(水分12-13%，含油11.5-13%)，较上周持平，新疆棉籽到厂价在1.67-1.70元/斤，因价格高，油厂已谨慎收购，多数停收;河北省质量较好棉籽报价1.50元/斤(水分12-16%，含油13%)，新疆棉籽到厂价在1.67元/斤，持价难下，多处停收;河南省地区质量较好棉籽1.52元/斤，下调0.03-0.04元/斤，多处停收;湖北省质量较好棉籽报价1.22-1.25元/斤，持价，有价无市，多处停收;江西省锯齿棉籽零星报价1.22元/斤(含油11%，水分13%)，有价无市，少有成交;山西运城地区报价1.22-1.25元/斤，货少持价，多处停收;陕西省质量很好棉籽高价至1.32-1.35元/斤，货少持价，有价无市。

Cottonseed oil: steady, drop, price, no market.

Last week, futures soybean oil showed a sharp rise and fall pattern. Dalian's 1609 main contract rushed to 6498 yuan / tonne on Tuesday, after a record high of the highest level since July 9, 2014, closing at 5964 yuan / ton on Friday, dropping 262 yuan / ton compared with the previous Friday closing price of 6226 yuan / ton, seriously dragging the spot market.

The price of first class soybean oil in the coastal area reached 5930-6110 yuan / ton on the weekend, rising first and then falling. It still fell 40-220 yuan / ton compared with the previous week, and the palm oil price of the port 24 degrees to 5280-5400 yuan / ton, down 150-370 yuan / ton.

Cottonseed oil is stable and weak, but parts of the region are still partly priced because of low commodity prices.

Because the stock of cotton oil has dropped to the annual low level, the oil and cotton mills are reluctant to sell at a low price, mostly retail, which is difficult to synchronize with the bulk oil.

The new seed will be listed for a long time. In the future, cottonseed oil will still keep up with the trend of rising and falling.

In July 10th, the price of cotton oil in Shandong province was 5800-5900 yuan / ton, most of them were difficult to hold, and the price of individual products was reduced by 50-100 yuan / ton. The price of cotton oil in Hebei area was 6000-6100 yuan / ton, and the price of goods was less than that. The price in Henan was 6000 yuan / ton, and the price was 100-200 yuan / ton at most. Most of the prices were retail, and the price of Hubei was 5700 yuan / ton. The price of Hubei was higher than that of the retail price. The retail price of Jiangxi was 5900-6000 yuan / ton, the price was mainly retail, and there was no market price; Shanxi province offered 5750-5800 yuan / ton, and the price was not in the market; Shaanxi province quoted price to 6050-6100 yuan / ton, holding price, retail mainly, and the price was not market.

Xinjiang cotton oil factory price 5800-5900 yuan / ton, local high down 50 yuan / ton, a small number of pactions.

Cottonseed meal: concussion fell slightly

Last week, futures soybean meal rose first and then fell. On Monday, Dalian's 1609 contract continued to rise before last week, and it continued to drop on Tuesday, closing at 3075 yuan / ton on Friday, dropping 375 yuan / ton compared with the previous Friday closing price of 3450 yuan / ton, which severely depressed the atmosphere in the early stage.

The spot market is dragged down.

Over the weekend, the price of 43% protein soybean meal to 3180-3380 yuan / ton in the coastal area dropped 120-320 yuan / ton compared with the previous week.

The soybean meal was washed down and the cottonseed meal was raised and suppressed, showing a pattern of shock adjustment.

In addition, heavy rainfall in the South has caused aquaculture damage, restricting the purchase volume of downstream, and further reducing the market value of cotton pulp.

At present, the stock of cottonseed meal has dropped to a new low in the year. Cottonseed products are less expensive and difficult to harvest. The manufacturers sell cottonseed meal in small quantities, making it difficult to synchronize with soybean meal.

The new meal will be listed for a long time, and the future cotton meal will be adjusted according to the soybean meal market. The overall adjustment will not be synchronized.

In the previous week, it dropped by 50 yuan / ton, and the 50% protein cottonseed meal quoted a price of 3500 yuan / ton, a decrease of 50 yuan / ton. The 46% cotton cottonseed meal price in Hebei province was 3350 yuan / ton, flat, 50% low temperature protein cottonseed meal price increased to 4000 yuan / ton, compared with the previous week, the amount of 50 yuan / ton was lower, the price of goods was less than that of the grain price; the proportion of protein and cotton meal in Henan province was equal to that of the yuan / ton; the price of goods was less than that of the retail price; the retail price was mainly; the price of Hubei protein was RMB yuan / ton, retail was the main, and there were few pactions; the Shaanxi province protein cotton cottonseed meal quoted price was yuan / ton, and the price had no market; Jiangxi province egg white cottonseed meal quoted price was RMB yuan / ton, retail was the main, and the price was not market. In July 10th, the price of 46% protein cottonseed meal in Shandong province was 3300-3350 yuan / ton.

Xinjiang region 42% protein cottonseed meal quoted at 2800-2850 yuan / ton ton, down 100 yuan / ton, the price has no market.

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Cotton lint: stability and partial fall

This week, Zheng cotton futures fell sharply, but still in the high level of shock adjustment, the domestic cotton short staple is mainly stable, and local highs fall.

At present, the operation rate of chemical fiber factories and refined cotton mills is generally low, and the market for downstream products is still available, supporting the market of cotton short fiber, and the low price of cottonseed products.

At present, cotton lint is at a high level, and downstream manufacturers need to follow suit, so the demand is difficult to be active.

It will take time for the new cotton to go on sale, and the cotton short fiber will remain in a weak and stable pattern during the empty window period.

A good offer of 6000 yuan / ton, a high price reduction of 50 yuan / ton line, flat price, no market price, food price mainstream price in Henan province to 5800-6000 yuan / ton, partial area 5600-5700 yuan / ton, less than the previous week, and a good deal of quality in Shanxi, 5500-5600 yuan / ton, flat price, no market price; Hubei food price quoted price 5400-5600 yuan / ton, flat, few pactions; Shaanxi food grade high price to 5500-5600 yuan / ton, flat, price without market; Jiangxi price to 5600-5700 yuan / ton, flat, few pactions; Xinjiang quality better cotton short price quotation 5400 yuan / ton, local high level 5400 yuan / ton, flat, a small number of pactions. In July 10th, the price of food grade cotton lint in Shandong was 5800-6100 yuan / ton, 100-200 yuan lower than the previous week, and the quality of Hebei province.