Cotton Deputy Enterprises Wait and see in a Psychologically Wealthy Market

The Monetary Policy Committee of the People's Bank of China held its second regular meeting in Beijing on the second day of 2011. The meeting held that at present, China's economic and financial operations are in the direction of macro-control, but the situation facing economic and financial development remains complex and inflationary pressures are still at a high level; According to the data released by the US Department of Commerce on July 5, the US factory orders in May increased by 0.8% from the previous month, which was lower than market expectations. The international rating agency Moody's downgraded Portugal’s sovereign debt to junk status, and investors’ worries about the European debt crisis have increased. . Affected by the above factors, the domestic cotton sub-traders are wait-and-see psychology and the market is not prosperous.

On July 6, the purchase price of domestic cottonseeds fell steadily. Affected by the oscillating downturn in cotton prices at home and abroad, the price of domestic cottonseeds continued to fall. Coupled with the poor sales of downstream products, the enthusiasm of oil plants entering the market was frustrated, and the phenomenon of stoppage of production and production suspension continued to increase.

The market of cotton oil is not booming and the market is overcast. US soybean and soybean oil prices fell, and domestic oil prices fell back to the plate, which suppressed the cotton oil market. Some oil plants lowered the sales price of cotton oil.

The cotton jacket market is basically stable. The decline in external disk prices has brought negative market performance to domestic cotton aphids, and feed manufacturers have generally been cautious in entering the market. The scale of purchases has dropped significantly, and the price of cotton aphids in some regions has declined.

Cotton linters were lightly traded, and prices fell steadily. Affected by the selling pressure from investors, domestic and foreign cotton futures prices continued to fall, and spot prices fell. As a result, the domestic cotton linters market was under pressure. The enthusiasm for the entry of chemical fiber factories and refined cotton mills was not high, and the demand for cotton linters was sluggish. In the short term, the market was not optimistic.