Cotton Sub Market Supply And Demand Two, No Price, No Market Condition.

Last week (July 25-31), cotton vice

In the stage of being out of green, the supply and demand of cottonseed and cotton are two, and there are many markets in the market. The continuous hot weather has further reduced the operating rate of oil and cotton plants.

Cottonseed: Sales and sales are not enough.

Last week,

The hot turnover made the domestic textile enterprises feel pressure, and futures fell sharply on Thursday and Friday.

Spot lint has little impact, but due to insufficient seed cotton stocks, the cotton mill has a limited operating rate, and the spot supply of cottonseed is extremely shrinking. The main oil and cotton plants in all parts are mainly consumed early inventory of cottonseeds, and the amount of sporadic purchase is not large.

It is estimated that the new flower will be listed later than the same period in previous years. Cottonseed will be sawing between less supply and demand. It will run in relative price.

　　7月31日，山东省油棉厂多已停工，少数加工厂以消耗前期库存为主，少量采购，其中内地棉籽报价在1.53-1.60元/斤(水分12-13%，含油11.5-13%)，新疆棉籽到厂价在1.62-1.64元/斤，局部高位回落0.03元/斤，澳大利亚进口棉籽青岛提货价3250元/吨，上调30元/吨，因目前加工利润下降，油棉厂少量采购;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，订澳大利亚进口棉籽青岛提货价3220元/吨，多处停收;河南省地区质量较好棉籽1.48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: air to air hold down

Last week, cotton oil outside was a long stalemate.

Negative factors: soybean oil futures weak downward, Dalian 1609 main contract closed last Friday at 5924 yuan / ton, compared with the previous Friday closing price of 6036 yuan / ton fell 112 yuan / ton line.

Spot adjusted accordingly, the first class soybean oil price in the coastal area reached 5950-6070 yuan / ton on the weekend, down 20-150 yuan / ton compared with the previous week.

In addition, there is no advantage in the difference between cotton oil and soybean oil at present, the ability to blend is limited, and the downstream demand is not good enough, which restricts the development of its market.

Leo factor: stock shortage support, palm oil futures rebound, the Dalian main contract 1609 contract last Friday at 5258 yuan / ton line, compared with the previous Friday closing price of 5136 yuan / ton up 122 yuan / ton, port 24 degree palm oil price to 5520-5660 yuan / ton, contrarian up 20-140 yuan / ton, good cotton oil market.

At present, the operation rate of oil and cotton plants is at a low annual level, and the stock of cotton oil is also lower than that of the same period in previous years. In addition, the cost of cottonseed raw materials is high, and the manufacturers sell the cotton oil at a higher price, further restricting the pace of its decline.

Before the listing of new cotton oil, it is expected that its market will remain in a low profile.

In July 31st, the price of cotton oil in Shandong province was 5830-5900 yuan / ton, partial reduction of 20-50 yuan / ton; the price of cotton oil in Hebei area was 6000-6100 yuan / ton, the goods were less than the holding price, and the retail price was mainly; the price of Henan province was 6000-6050 yuan / ton, most of the holding price was retail, the price of Hubei was 5700 yuan / ton, the price was difficult to hold, the retail price was higher, the price was not in the market, the retail price of Jiangxi province was 5900-6000 yuan / ton, the price was retail, the retail price was mainly, the price was not in the market, Shanxi province offered 5750-5800 yuan / ton, the price had no market, Shaanxi province quoted price to 6050-6100 yuan / ton, holding price, retail was the main, there was no market price.

Xinjiang cotton oil factory price 5700-5800 yuan / ton, down 100 yuan / ton, a small number of pactions.

Cottonseed meal: continued downtrend with small turnover

Last week, futures soybean meal low adjustment, spot weak down.

At the end of the week, the price of 43% protein soybean meal fell to 3030-3160 yuan / ton in the coastal area, down 60-90 yuan / ton compared with the previous week.

The soybean meal market continued to fall, and the market of the cottonseed meal.

At present, the price of cottonseed meal and soybean meal is seriously upside down, which restricts its shipment.

At present, the aquaculture industry is still sluggish, coupled with the heavy rainfall in northern and southern regions, so that the demand for aquaculture is reduced. Downstream manufacturers are blocking the shipment of protein raw materials, and the shipment of cottonseed meal is blocked. Some factories and factories have already cut down the price of cottonseed meal.

However, due to the current oil and cotton plant operating rate has dropped to the annual low, cottonseed meal inventory is also far lower than the same period in previous years, coupled with the cost of cottonseed raw material support, cottonseed meal is still relatively resilient, with a limited space.

Before the new meal is listed, the oil and cotton plant will adjust its quotation according to the inventory and downstream demand.

50 yuan / ton; 46% protein cottonseed meal in Hebei Province, 3250 yuan / ton, down 50 yuan / ton, 50% Dephenol low temperature protein cottonseed meal price to 3800 yuan / ton, less than the previous week yuan yuan / ton, less than the price of grain, Henan, cotton seed meal, yuan yuan / ton, cut down Yuan Yuan / ton, goods less holding price, retail is the main; Hubei province protein price is RMB yuan / ton, the reduction is yuan yuan / ton, retail is the main, there are few pactions; Shaanxi low temperature dephenolics protein cottonseed meal quoted price yuan yuan / ton, the price has no market; Jiangxi province protein protein cottonseed meal quoted price yuan yuan / ton, cut down Yuan Yuan / ton, retail is the main, the price has no market. In July 31st, the price of 46% protein cottonseed meal in Shandong province was 3250 yuan / ton, 50 yuan / ton higher than the previous week's high level, and 3450 yuan / ton price of 50% high temperature protein cottonseed meal.

Xinjiang region 42% protein cottonseed meal quoted at 2700-2750 yuan / ton, down 50-100 yuan / ton, there is no market price.

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Last week, the call for prolonged cotton reserves was raised. Zheng cotton futures also suffered a two consecutive day of sharp fall due to the technical correction.

The downstream chemical fiber plant and refined cotton plant are used to restrict the development of cotton lint market.

In addition, the low price of imported cotton lint has a certain impact on domestic cotton lint.

However, the current operating rate of oil and cotton plants is relatively low. In addition, some oil and cotton mills purchase light seeds and imported cottonseed processing, which reduces the output and quality of cotton lint, and the manufacturers still sell the high-quality cotton lint, and the market is formed.

Before the new velvet comes into season, the cotton quality will remain relatively high.

Some food grade cotton lint has a high price to 6200-6500 yuan / ton, with a price of no market, a small number of pactions. The food price in Henan province is 5800-6000 yuan / ton, and 5600-5700 yuan / ton in some areas, which is less than that in the previous week. The quality of Shanxi is better than that of the previous week, and the price is 5500-5600 yuan / ton. The price of food in Hubei is 5400-5600 yuan / ton, flat, and there are few pactions; Shaanxi food grade high price to 5500-5600 yuan / ton, flat price, no market; Jiangxi price is reported to 5600-5700 yuan / ton, flat, few turnover; Xinjiang area quality cotton short staple price 5400 yuan / ton, local high level 5500 yuan / ton, flat, a small number of pactions. In July 31st, Shandong's food grade cotton lint was quoted at 5700-6100 yuan / ton, which was stable compared with the previous week. The quality of Hebei Province is better than the price of 5700-6000 yuan / ton.