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Insight | Time: Sep 18 2019 10:32AM
How is cotton linter market on new arrival of cottonseed?
 
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New cotton has gradually arrived in Chinese market, but purchasing price is generally low, interesting few cotton farmers, so the procurement of seed cotton is postponed this year. New cottonseed has arrived in Hebei and Shandong on small volume since Sep, with prices falling slightly. However, cotton linter market is mainly stable amid wait-and-see stance.



Seed cotton is procured slowly this year and new cotton purchasing price is unsatisfactory. In Hebei, Shandong and Anhui, seed cotton price is at 5.6-6yuan/kg, down 1.2yuan/kg y-o-y. However, cottonseed price is much higher versus the same period of last year. New cottonseed has arrived on small quantity in Hebei and Shandong with prices generally at 2,500-2,600yuan/mt, lower than that of early Sep at 2,700yuan/mt, but rising 14% on the year compared with the same term of last year at 2,200yuan/mt.



New cotton procurement is postponed this year, so the tempo of new cottonseed and cotton linter arrival slows down. Most delinting and cottonseed oil plants are expected to resume operation around National Day holiday, so cotton linter prices are temporarily stable.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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