Short Term Cotton Lint Is Expected To Be Stable Or Strong Overall.

Since the launch of the new cotton market, the purchasing price has been supporting the cotton sub market. Due to the small profit margins of the processing enterprises, the enthusiasm of the cotton subsidiary manufacturers is not high enough, and the progress of the cotton sub listing has been delayed, resulting in a tight supply of cotton pairs, and the market has continued to rise. Although the amount of cotton on the market has increased significantly, there is still a big gap between the demand for the middle and lower reaches, and the cost performance of cotton is slightly showing, and the market is keeping up slightly.

In the early days, Xinjiang seed cotton appeared to rush to buy up, because the price of seed cotton was too high, the processing of ginning plants was basically at the edge of losses, but the price of cotton seed was hard to come down. But this week, the price of seed cotton in Xinjiang was showing signs of reaching the top. The rush buying was slowly decreasing, and the freight rate was rising due to the implementation of new highway pportation regulations. The majority of cotton manufacturers and manufacturers in the mainland planned to adopt railway pportation. Recently, the Urumqi Railway Bureau stipulated that the freight volume of 58-60 tons of box cars was reduced from 7% to 7%, and that every 10000 axiomatic railway pportation cost increased by about 150 yuan / 2015/16 compared with that in Henan, Hebei, Shandong and Jiangsu and Zhejiang.

Freight increased by about 80-120 yuan / ton, due to the increase in freight rates this week, the price of cotton seeds in the mainland of Xinjiang increased by 5-8 points, and local cottonseeds rose 4-6 points, basically unchanged.

Most of the cotton mill in Xinjiang are meeting to discuss seed cotton purchase price, which is expected to lower seed cotton prices. At present, the cotton seed mill is relatively calm and cotton seed output is limited, and most of the mainland Shandong, Hebei, Shanxi, Shanxi and other places are processing Xinjiang cotton seeds. Local supply is far from enough, buyers are increasing in Xinjiang, and there is almost no pressure on the cotton mill inventory. Therefore, it is still heavy to sell at a price.

At present, the price of cotton seeds from Xinjiang in Shandong is 1.58-1.61 yuan / Jin, and the price of local cottonseeds is 1.57-1.58 yuan / Jin, up by 0.02-0.04 yuan / kg on the previous Friday. The price of Hebei Xinjiang cotton seed is 1.58-1.60 yuan / Jin, and the price of local cotton seed is 1.57-1.58 yuan / Jin, up by 0.02-0.04 yuan / Jin on Friday, but the price of cottonseed is higher than that of cotton seed.

Thanks to the strong boost of external vegetable oil, last Friday's three major domestic oil and fat night markets rose, all of which are now trading. The trend of large oil market is strong, which boosted the cotton oil market.

Cotton oil itself is still supported by the high price of raw materials and the limitation of cotton oil production. Most manufacturers sell with production, and individual orders processing. Today, the price of washing cotton oil in Shandong has risen to 6500 yuan / ton, but the difference between cotton oil and soybean oil is small, the advantage is still weak, and the increase is limited. Besides the influence of the peripheral oil market, the pressure on the supply of new production season is increasing, and the short term is hard to fall sharply.

Soybean beans continue to rise to boost soybean meal and stabilize spot prices. Domestic soybean meal stocks are tight.

Due to the high price of cottonseed, the oil refinery is still cautious in its procurement, and the output of cottonseed meal is limited. The manufacturers are still at a premium. Shandong's mainstream price is 46% yuan, 2800 yuan / ton, 42% yuan 2700 yuan / ton, and 50% price is 2900-3000 yuan / ton, which is unchanged from last Friday.

At present, the start-up rate of inland oil plants is relatively high in Shandong and Hebei. Shanxi and Shaanxi oil plants have not started much. At present, individual manufacturers are still slow to enter the market, and Hubei, Hunan, Anhui and other places are running very little.

Output is still subject to certain restrictions. Short - term cottonseed meal is stabilized and collate. Later, with the increase of cottonseed meal supply, prices have dropped.

At present, the price of raw cottonseed is still high, and the supply of cotton short goods is still relatively limited. The oil factory still has a very high price mentality, and the recent rise in lint prices has also brought some support to the cotton lint market, so that the price of local cotton lint continues to rise recently. However, the import of cotton short staple in China is far higher than that of the same period last year, and with the new cotton short staple coming on the market, the high price purchase intention of the chemical fiber factory is still not high.

The overall turnover is also light.