Cotton by-product prices continue to fall

Recently, the uncertainties in the global economic situation remain. Domestic and foreign prices of cotton, soybeans, and fats and oils have fallen. The processing and inventory of domestic cotton by-products has increased significantly. Terminal demand has been sluggish, leading to continued declines in cotton by-product prices.

On November 8, the purchase price of domestic cottonseeds continued to adjust to the adjustment trend. The market is concerned that the European debt crisis has spread to Italy. Domestic and foreign cotton prices have not performed well. Recently, the cottonseed crusher has fallen into a deficit, and the shutdown of oil plants has increased. The impact on domestic cottonseed prices has continued to decline.

Demand for the domestic cotton oil market was weak, and the market continued to decline. U.S. stocks and crude oil prices rose, but the market expects USDA to increase soybean inventory data. External oil prices fell sharply. Domestic soybean oil and palm oil prices fell, coupled with poor market demand, and cotton oil prices fell under pressure. .

The domestic market for cotton aphid trades was light and the market continued to decline. Domestic aquaculture has basically ended. The price of live pigs has fallen, and the enthusiasm of farmers to replenish the bar has not been high. At the same time, the trend of chicken meat prices has dropped significantly. The demand for padded jackets has been sluggish and the market has continued to decline.

The domestic cotton linters market was in a downturn and prices were lower. Recently, the price of staple fiber has continued to drop, and the enthusiasm of chemical fiber plants and refined cotton mills entering the market has been low. Oil refineries have lowered their prices to attract purchases. Coupled with the continued decline in cottonseed prices, the price of cotton linters has been broadened.