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Processing companies postpone start-up, cotton vice quotations remain stable

by:Chengyi     2021-03-15
At present, the national epidemic prevention and control situation is still severe. Most cotton mills and cotton sub-processing enterprises have to continue to postpone the start of operations. The purchase and processing volume of cotton sub-subsidiaries is limited. In addition, the number of soybean processing, which accounts for most of the market share of oil and oilseeds, is not at a normal level. Half of the total, the market supply has dropped significantly. In addition, the logistics in various places are not smooth, and the transportation cost has increased, which has brought profitable support to the cotton by-products. So far, cotton by-products in most areas have not yet been quoted, and some of them are relatively stable.   On February 11, Cottonseed stopped reporting. A few companies have already reported to apply for resumption of work. However, it is difficult to pass the approval and the logistics are not smooth. The companies continue to postpone the start-up time. The limited supply of cottonseed in the market supports the cottonseed market, but the panic caused by the epidemic has caused a severe setback in the catering industry, and the risk of cotton oil supplementation is relatively high. The demand for meal is still difficult to be optimistic, which will drag down the cottonseed market. Or mildly compensate for the decline.   On February 11, most cotton oil prices stopped reporting, and individual quotations were stable. The epidemic has caused a severe setback in the tourism and catering industries. Universities have postponed the opening of schools, the consumption of medium packaging has dropped sharply, and the demand for cotton oil is even more limited. Later, as cottonseed crushing enterprises continue to start operations, cotton oil prices may be at risk of falling.   On February 11, most of the cotton meal prices were not reported, and some prices were stable. Affected by the epidemic, most oil plants continue to postpone the start-up time. At present, the supply of cotton meal is very limited, and the downstream feed mills are now replenishing stocks, all supporting the short-term or strong cotton meal market. Affected by the epidemic, most oil plants continue to postpone the start-up Over time, the current supply of cotton meal is limited, and downstream feed mills are now replenishing stocks, all supporting the short-term or strong cotton meal market, and due to the impact of the epidemic, the prospects for meal demand are worrying, and the medium-term trend of cotton meal prices is still difficult to be optimistic. .   On February 11, domestic cotton linters stopped reporting. Affected by the epidemic, most oil plants continue to postpone the start-up time. Only a few companies in Xinjiang start production. The supply of short linters on the market is very limited, which supports the market for short linters. However, the spread of the epidemic has caused market panic, and the transportation of goods has been blocked. There is no transaction. It is expected that the price of cotton linters may fluctuate as the cottonseed crushing enterprises start to operate one after another. Article Keywords:  Cotton
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