Cotton deputy market: the market fell - pressure does not decrease the price stability
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Sino-us trade talks will be on Thursday and Friday in Beijing, the two countries hope to reach a final agreement at the end of April, but there are signs the agreement reached time may be delayed, and the two countries tariffs for each other would not be canceled, but gradually cancelled, sino-us trade negotiations uncertainty bring pressure to domestic market.
At the same time, the Brazilian soybean harvest work more than half, Argentina soybean harvest is starting to work, good yield, South American soybean crop, the global soybean supply is adequate, also depress domestic grease oil and cotton prices.
On March 28, local cotton price still have back.
On March 28, most domestic cotton seed prices stable, local fall.
- squeezed the poor, and part of the cotton oil inventory, for cottonseed purchasing more cautious now, overall marketing light, especially in the cotton cake market demand downturn, dragged down the market, but cotton ginning mill capacity utilization is low, seed supply quantity is little, cotton ginning mill rised mentality, to limit its losses, short-term cotton seed or weak, buyer can buy English along with.
On March 28, most domestic cotton oil prices stable, local fall.
Cotton oil blending amount is limited, grease market light volume, soybean oil, palm oil prices are falling and drag on the cotton oil prices, but oil cotton low capacity utilization, production is limited, the majority of regional stabilized.
Bulk oil remains weak, short-term cotton oil weak trend cannot alter, buyers can be seen.
On March 28, most domestic cotton pulp prices stable, 30 - local drop
Pig disease cause a large amount of live pigs, and soybean meal and cotton pulp price difference is too small, feed mills to increase soybean meal instead of cotton pulp, soybean meal prices, are bad cotton pulp, but oil cotton probability is low, the majority area stabilization.
But a poor demand, short-term cotton pulp weak hard to change, the buyer can be seen.
On March 28, the domestic price of cotton linter is given priority to with stability, local weak fluctuation.
Affected by the environmental protection check and downstream factory operating rate is low, and import linter price is low, manufacturers purchasing high-priced linter cautious, volume is limited, but cotton - open probability is low, linter output is less, oil's price will remain strong, short-term or volatility is expected.