Cotton New York ICE Cotton Contract Rose Unprecedentedly

Last Friday (12.06), the cotton futures contract in New York's ICE Intercontinental Exchange reached its biggest one-day gain in four months. P

14 years in March, the contract opened at 78.85 cents, the highest 80.52 cents in the game, the lowest 78.84 cents, and finally closed at 80.41 cents, up 1.56 cents from the previous trading day, with 7098 hands in turnover and 111044 hands in open positions.

14 years in May, the contract opened at 79.39 cents, the highest 80.73 cents, the lowest 79.28 cents, and finally closed at 80.66 cents, up 1.42 cents from the previous trading day, with 1184 hands in turnover and 24629 hands in open positions.

14 years in July, the contract opened at 79.75 cents, the highest 80.67 cents, the lowest 79.69 cents, and finally closed at 80.53 cents, up 0.95 cents from the previous trading day, with 510 hands in turnover and 13660 hands in open positions.

On Friday, a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > futures rose to a month high, strong economic data, buying stop loss to stimulate the market, American exports and sales performed well one week, and the stock exchange shrinks.

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< p > the ICE futures exchange March benchmark cotton contract rose 1.56 cents, close to 2%, closing at 80.41 cents / pound, the largest single day increase since February.

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< p > according to the statement of the exchange on Friday, the closing price is higher than 80.01 cents / pound, and the upper and lower limit of daily trading price has been extended to 4 cents per pound or less of the settlement price of the previous trading day, and the limit of the last trading day is 3 cents or less of the previous trading day.

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< p > US employment data show that the unemployment rate has dropped to the lowest level in 5 years, so cotton prices have risen to technical resistance level, with a high of 80.52 cents per month.

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Less than P, buying stops and the revival of interest in speculators accelerated the rise of the market. The cotton market revived from the sleepiness of trading volume and the narrow range in recent weeks.

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(P) weekly data from the US Department of agriculture showed that in the week ending December 3rd, non-commercial traders continued to cut a small amount of net short positions in cotton futures and options, and the volume of empty stocks fell to a low level.

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This week, in December, when the December contract entered the delivery period, the sudden decline in P inventories also boosted prices.

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< p > according to the latest exchange data, on Thursday, the total amount of certified stock was 94361 packs, lower than that of 225000 packets at the beginning of the week.

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Peter Egli, director of risk management at P, a British cotton trader, said: "since the current spot price is strong, the recent certification stock is unlikely to grow again."

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< p > he said that today's strong technological breakthrough is a sign that prices have hit the seasonal low point.

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Less than P this week, US exports were impressive, though below the recent high level.

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< p > traders say the market failed to follow up after China began auctioning national cotton stores last week, so prices also found support.

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< p > market speculation, sales will suppress the world's largest "a target=" _blank "href=" http://www.91se91.com/ "textile" /a "goods market, and supply pressure has forced prices to drop by 18% from the August high of 94 cents.

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The P > December contract rose 1.56 cents, or 2%, to 79.38 cents per pound, and the December contract expired on Friday.

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< p > December 6th American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 77.19 cents / pound, the highest annual price 89.14 cents in August 16, 2013; the lowest price in November 22, 2013 73.49 cents; 1 3/32" cotton (color 31, leaf chips 3, fiber Wei 35) average price 81.56 cents / pound.

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< p > December 6th the US spot market traded 34577 cotton bags, and this year handled 392467 bags.

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< p > December 6th the American spot market Pima cotton, grade 2 (fiber 46) 178 cents / pound, 3 grade (fiber 44) 161 cents, 3 grade (fiber 46) 166 cents, turnover 0 pack, annual turnover 25632 bag.

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< p > the US Department of Agriculture announced that the global adjustment price (AWP) was 64.49 cents on 12 December, December, 06.

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< p > December 6th, the Cotlook cotton outlook index was down, and the A index fell 25 points, to 85.30 cents / pound.

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< p > December 6th, China's cotton price index CC Index 3128B nationwide weighted average price closed at 19527 yuan / ton, down 9 yuan.

CC Index 2227B closed at 18019 yuan / ton, down 14 yuan, and CC Index 2129B closed at 20329 yuan / ton, or 6 yuan.

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< p > December 6th, China's < a href= "http://www.91se91.com" > Import Cotton < /a > price index (FC Index M) 89.28 cents, down 0.15 cents.

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< p > December 6th, zhengmian 1405 contract slightly increased, opened at 18760 yuan / ton, closing at 18795 yuan / ton, compared with the previous trading day rose 20 yuan / ton, turnover slightly reduced, positions increased 966 to 69164 hands.

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< p > December 6th, the Zhengzhou PTA1405 contract opened at 7456 yuan / ton, closing at 7492 yuan / ton, down 28 yuan / ton compared with the previous trading day, or 0.37%.

Trading volume dropped to about 171 thousand and 700 hands, and holdings dropped by 35192 to 387 thousand and 400.

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P > December 6th, U.S. stocks sharply higher, the Dow and the S & P index ended the 5 consecutive trading days down trend.

Us non farm payrolls data exceed expectations and unemployment rate dropped to a new low after 2008, which has lifted market sentiment.

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< p > Dow Jones (16020.2, 198.69, 1.26%) the industrial average index rose 198.69 points, closed at 16020.20 points, or 1.26%; the standard & Poor's 500 index rose 20.05 points, at 1805.08 points, or 1.12%; while the NASDAQ [micro-blog] 4062.52 (4062.52, 4062.52, 4062.52) composite index rose to a point of 0.

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< p > the New York Mercantile Exchange delivered gold futures in February, < a href= "http://www.91se91.com/news/index_s.asp" > price < /a > down 2.90 US dollars at 1229 US dollars per ounce.

The delivery of crude oil futures in January rose 27 cents to $97.65 a barrel.

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