Cotton Futures Prices Rebounded And Cotton Overall Rose

Recently, Xinjiang cotton's quotation has increased overall, but the cotton seed and cottonseed oil volume is not large except for the short pile.

cottonseed It is only 3 months from the new year's seed cotton listing. Xinjiang cottonseed resources are gradually decreasing, coupled with the soybean futures' shock and rebound, some cotton seed inventory enterprises and middlemen are taking the opportunity to raise the price of cottonseed. According to the person in charge of a cotton processing enterprise in Xinjiang, in previous years, enterprises were calling to contact downstream enterprises and cotton seed middlemen. Unexpectedly, this year, on the contrary, all downstream businesses and middlemen called to order, and the price was rising day by day. It is understood that as of today, some enterprises in Xinjiang quotes have risen to 1.14-1.15 yuan Jin, some enterprises have risen to 1.16 yuan quotations, up 0.035-0.05 yuan / Jin compared with the previous week.

Cottonseed oil The price of cottonseed and the rebound of oil futures will support the market of cotton oil and increase the price of the company. As of today, the price of Xinjiang grade three cottonseed oil is 5200-5300 yuan / ton, up 50-100 yuan / ton compared with last week. Cotton oil quotes rise, downstream cautiously procurement, making it difficult to enlarge the volume of cotton oil transactions.

Cottonseed meal Cottonseed prices remain high, cottonseed meal costs increase, coupled with soybean meal futures rebound, support cotton meal market. But because the mainland's rapeseed meal is listed on the market, the mainland distributors basically buy the rapeseed meal and stop purchasing Xinjiang cottonseed meal, so the turnover of Xinjiang cottonseed meal is not large. As of today, the price of Xinjiang cottonseed meal 46% protein is 2750 yuan / ton, and the quotation is 50 yuan / ton higher than last week.

Short pile It is understood that most of the short staple enterprises in Xinjiang were basically out of stock until the end of the deadline, especially for food grade short staple with good quality. According to a short pile dealer, a few hundred tons of short staple sold recently were sold out all the time. Unfortunately, the sales contract has just been set out, the market quotations have risen, and the number of calls for orders has increased substantially. As of today, Xinjiang cotton lint is generally priced at 3400-3500 yuan / ton, and the quotation is 100 yuan / ton higher than last week.

Cotton hull Cottonseed prices rise to support the cotton shell Market, but because the purchasing power of the downstream is not large, making cotton shell quotes difficult to rise. As of today, Xinjiang cotton shell quotation is maintained at 880-890 yuan / ton.