Jiaxiang, Shandong: The Decline Of Cotton Market Is Difficult To Stop At &Nbsp; The Process Of Retreating Is Deadlocked.
Recent futures
lint
Continue to fall.
Goods in stock
The downside is difficult and the periphery is surrounded by bad profits.
Shandong Jining Jiaxiang area processing and re deadlock, cotton processing almost completely stopped, a small number of oil and cotton started.
Local
Unginned cotton
Sporadic quotation fell to 5.20 - 5.30 yuan / Jin, there is no market, because lint continued to fall, the ginning factory to avoid risks, and now insist on stopping and wait, April 25th Shandong large
Spinning enterprises
Down again the purchase price of lint 500 yuan / ton, making
Quotation
Adding to the burden, some of the larger inventory companies speed up the shipment of lint.
The local oil and cotton plant started less than five people, of which cottonseed purchase price 1.62-1.65 yuan / Jin, compared with from April 18th to 22nd fell 0.02 - 0.04 yuan / Jin; cotton oil production quotes at 9150-9200 yuan / ton; 40% protein cottonseed meal quotes maintained at 2230-2260 yuan / ton, quality inspection can still cotton short linen factory price in 9500 yuan / ton, quality generally fell to 9000 yuan / ton.
In April 25th, futures soybean oil and soybean meal recovered slightly, but the overall demand was still not ideal, and cotton lint was still difficult to get out of the predicament, and the market as a whole was in a slump.
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