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Cotton linter prices have stalled after rising in mid-to-late March, with producers holding firm quotes. Cottonseed oil mills are struggling to be profitable and many are semi-operating, limiting linter supply.
Refined cotton M1000 is around 9,500 yuan/mt, but a weak real estate market and sluggish cellulose ether demand are capping further gains.
Tight linter supply and firm producer quotes support cottonseed-based feed and meal values, while weak downstream demand limits upside. Buyers should expect little near-term price momentum in cottonseed products.
chinatexnet.comApr 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
