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Cotton Sub Market Continued Weak &Nbsp; There Was No Market Price.

2011/4/22 10:10:00 74

Cotton Vice Market Price No Market

   standard Poole rating agencies lowered the long-term outlook of the US government debt from "stability" to "negative", and the European sovereign debt crisis worsened again, which depressed market sentiment and sharply reduced US stocks, the three largest. Stock market index Both fell more than 1%; Saudi Arabia, the world's largest exporter of crude oil, said that the global crude oil market has enough supply to meet demand and suppress international crude oil futures. Fall The weakness of the peripheral market has brought pressure to the domestic cotton byproduct Market, most of which are in April 19th. Marketless The state.


April 19th, China cottonseed The purchase price is basically stable. Due to the poor sales of downstream products, the oil refinery squeezed losses, the enthusiasm for entering the market is still not high, and the cottonseed market is low in popularity, and there are few spanactions in most regions.


Domestic cotton oil market is not prosperous, and the market is stable. Affected by the rise in palm oil prices in Malaysia, domestic soybean oil and palm oil prices rose slightly. However, under the pressure of the state regulation policy, the buyers in the middle and lower reaches are still cautious, and the cotton oil market continues to be weak.


Domestic cottonseed meal market steadily fell. Despite the recent rise in hog prices and huge profits in farming, the current rate of livestock farmers is generally low, feeding on young animals is not large, and weak demand continues to suppress the cottonseed meal market.


Domestic cotton short staple market stabilized, and the market was light. Zheng cotton futures prices continued to fall on the cotton lint market, bad, chemical fiber factory and refined cotton plant to enter the market enthusiasm is not high, the use of relatively low price wood pulp, bamboo pulp and other products instead of cotton lint, most areas have little turnover.

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Cotton Quotes Continued To Decline By &Nbsp; Downstream Transactions Were Sluggish.

In the morning of April 21st, Shandong Wei Qiao textile lowered its purchase price of lint cotton by 500 yuan, adjusted 329 grade lint to the factory price 27500 yuan / ton, 429 grade 27200 yuan / ton, and did not purchase 5 grade cotton.