Cotton City No One Asks For Three Grade Lint Down 900-1000 Yuan / Ton

At the end of 5, the performance of cotton market in all parts of the country was still not improving. The price of lint in Heze, Shandong and Yuncheng area has been continuously lowered, but the market has not been asked.

The survey was informed that local cotton ginning plants were temporarily shut down and stopped at the moment. Some of the lint owners continued to offer quotations, of which three cotton linen factory quotations were 14500-14600 yuan / ton, 900-1000 yuan / ton higher than the previous high level, due to the lower paction price of the cotton reserves and more external supply channels, the price still had no competitive advantage, and no one was interested in the market.

At present, the sale price of cotton reserves plays a guiding role in the spot market.

In May 30th, the turnover rate of cotton reserves increased. The average paction price was 12958 yuan / ton, compared with the average price of the first reserve cotton in May 5th, 14893 yuan / ton fell 1935 yuan / ton.

Xinjiang cotton is still available for spot supply, while the price of lint futures is low, and the pressure on warehouse receipt delivery is still high.

Manufacturers reflect that the price of lint has been falling, and the ginning mill has been operating at a loss, but the market is still unattended.

Relative to the situation of the ginning plant, the operation of Shandong local oil and cotton plant has been slightly active recently, and its production is normal.

Under the support of the escalation of trade war between China and the United States, the futures soybean meal and soybean oil continued to rise this week, supporting the cotton oil and cottonseed market, and the price of cottonseed prices rose less, and the cost of supporting the product market to run synchronously.

The purchase of Xinjiang cottonseed from the local oil and cotton plant to 1.22-1.23 yuan / kg is mainly due to the consumption of pre inventory.

The price of cotton by-products is high, of which three grade cotton oil is quoted at 4850 yuan / ton, 46% cotton cottonseed meal is quoted at 2900 yuan / ton, mill outlet is quoted at 1450 yuan / ton, and Industrial cotton staple price is 3650 yuan / ton, and the actual paction price is negotiable.

Recently, cotton by-products enquiries increased slightly, the turnover is better than before, to boost the initiative of the oil and cotton plant.