Rising Cotton Market In US Cotton Market Needs Tension

　　 Friday (7.23) ICE us Stage cotton The rally was due to a decrease in available cotton supply.

ICE cotton futures in October were 0.75 cents higher, or 1%, at 80.32 cents a pound. The most active cotton in December rose 0.63 cents, or 0.8%, to 75.34 cents a pound, the highest three week closing price.

With the passage of time this year, the supply of cotton has been decreasing. With the recovery of world economy, textile demand rebounded last year and cotton demand shortage intensified. There is little cotton support in the contract of the cotton futures exchange. Market participants are not sure whether the reserve force of ICE's cotton sourcing spot market can deliver cotton.

Jersey City ICAP Luis Rangel, vice president of futures commodity derivatives, said stocks are tight and will continue to decrease.

Exchange data showed that on Thursday, ICE cotton daily inventory decreased by 20393 (500 pounds) to 55389 gross and 18607 withdrawal certificates.

American cotton picked this fall may have been sold, which has increased ICE Cotton bank The uncertainty of existence.

The exchange reported Thursday that ICE's cotton empty volume increased by 2771 to 161731.

Exchange data show that about 16965 hands were traded in cotton futures. Option trading, call option is about 4123 hands, put option is about 1502 hands.

Closing price range

October 80.32 +0.75 79.62-80.47

December 75.34 +0.63 74.51-75.54

03 months 74.14 +0.03 73.50-74.55