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Cotton linter prices continue to fall as refined cotton demand weakens and new-crop cotton arrives. Industry-grade refined cotton is quoted around 9,000-9,200 yuan/mt, down over 600 yuan/mt cumulatively.
Cottonseed and soybean meal prices have been firm.
Weak linter demand contrasts with firm cottonseed and soymeal prices, so cottonseed meal supply and cost pressures remain supportive. Expected new-crop arrivals could eventually ease cottonseed prices.
chinatexnet.comAug 31, 2023Not 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.
