# Xinjiang Cotton Market Is Warm And Harmonious, And Cottonseed Will Go Further.

> Xinjiang seed cotton purchases are over 95% complete, with ginning plants resuming work and bidding up seed cotton prices before the Spring Festival. Buyers from the mainland and oil refineries are competing for cottonseed, pushing prices higher.

- Date: 2017-02-06 · published 2017-02-06T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/72605-xinjiang-cotton-market-is-warm-and-harmonious-and-cottonseed-will-go-further
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Strong competition for cottonseed by oil refiners and ginners supports cottonseed prices in China, which can lift cottonseed meal values. The impact is mainly regional.

## Read by commodity

- CSM: bullish ▲

## Sources

- sjfzxm.com: http://www.sjfzxm.com/global/en/511395.html

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