# Why cotton linter stabilizes amid a sharp decline in cotton price? | CCFGroup

> Chinese cotton prices fell more than 1,000 yuan/mt in about ten days, with ZCE futures and spot cotton 3128 both lower. ICE cotton futures dropped to near a five-year low, briefly below 70 cents/lb, and cottonseed prices in Shandong and Xinjiang followed down. Cotton linter prices held relatively steady despite the decline.

- Date: 2024-06-19 · published 2024-06-19T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/29897-why-cotton-linter-stabilizes-amid-a-sharp-decline-in-cotton-price-ccfgroup
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Weaker cotton values and a bearish supply-demand outlook are pulling cottonseed prices lower, which reduces the cost of cottonseed meal for feed buyers. Linter's stability suggests the cottonseed decline is driven mainly by the cotton price move.

## Read by commodity

- CSM: bearish ▼

## Sources

- cnc.ccfgroup.com: https://cnc.ccfgroup.com/newscenter/newsview.php?Class_ID=D00000&Info_ID=2024061930009

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.