ICE Cotton Market Price In December 9, 2013

< p > Monday (12.09) New York ICE Intercontinental Exchange < a href= "http://www.91se91.com/news/index_c.asp > > cotton < /a > contract down.

14 years in March, the contract opened at 80.32 cents, the highest 80.75 cents in the market, the lowest 80.05 cents, and finally closed at 80.36 cents, down 0.05 cents from the previous trading day, with 17999 hands in turnover and 111490 hands in open positions.

14 years in May, the contract opened at 80.61 cents, the highest 81 cents in the market, the lowest 80.32 cents, and finally closed at 80.69 cents, up 0.03 cents from the previous trading day, with 2850 hands in turnover and 25215 hands in open positions.

14 years in July, the contract opened at 80.64 cents, the highest 80.82 cents, the lowest 80.22 cents, and finally closed at 80.41 cents, down 0.12 cents from the previous trading day, with 911 hands in turnover and 13823 hands in open positions.

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< p > on Monday, ICE cotton fell, and the US Department of agriculture will release monthly demand and supply report on Tuesday. On the eve of the report, traders adjusted their positions, the market of the previous trading day rose, and today the market showed a consolidation trend.

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< p > us ICE futures most active March cotton contract fell 0.05 cents, or 0.06%, closed at 80.36 cents / pound.

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The benchmark contract reached a maximum of 80.75 cents in the benchmark contract, hitting a new high since October, with a narrow trading range and a support area of 79.50-80 cents, with a resistance zone of 81-82 cents / P.

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< p > on Friday, the US economic data were strong, the market was active and the price was rising, but today's trading volume is lower than Friday.

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< p > global commodity market benchmark Thomsen Reuters / core commodity CRB index rose.

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"P" is inspired by China's economic data, the world's largest consumer of raw materials, and the global financial market is rising.

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< p > the US Department of agriculture will issue its monthly crop report on Tuesday.

It is widely expected that the US Department of agriculture will reduce cotton production in China, the world's largest cotton producer.

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Last month, China's national a href= "http://www.91se91.com" > cotton < /a > reserves management company predicted that output would decrease by 12.3% to 6 million 680 thousand tons after the early frost and snowfall.

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< p > by comparison, the US Department of agriculture forecast in November that China's output was 7 million 80 thousand tons (32 million 500 thousand /480 pounds / pack).

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< p > traders also anticipate that the US Department of agriculture will increase the US crop and export expectations for the 2013/14 crop year (beginning in August 1st).

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"P," says Jobe Moss of Burke MCM, Texas. "Before the report, people walked out and saw some commercial selling before the market closed.

Some funds bought on Friday, and the market has been consolidated since then.

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< p > even if the volume of positions increased on Friday, the volume of trading remained weak, and the volume of the entire volume remained low, because investors abandoned their products and preferred stocks.

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< p > after speculators gave up the long positions held earlier this year, speculators held a small number of cotton futures and options headstock.

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< p > official data show that China has acquired more than 3 million 500 thousand tons of domestic cotton for national cotton reserves, catching up with the speed of last year, although it is expected that the annual storage capacity will be reduced.

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< p > December 9th American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 77.15 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 81.53 cents / pound.

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< p > December 9th the US spot market traded 21167 cotton bags, and this year handled 413634 bags.

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< p > December 9th 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 9th Cotlook cotton Outlook Index rose, A index rose 150 points, at 86.80 cents / pound.

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< p > December 9th, China's cotton price index CC Index 3128B nationwide weighted average price closed at 19517 yuan / ton, down 10 yuan.

CC Index 2227B closed at 18006 yuan / ton, down 13 yuan, and CC Index 2129B closed at 20315 yuan / ton, or 14 yuan.

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< p > December 9th, China imported FC cotton price index (Index M) 90.68 cents, up 1.40 cents.

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< p > December 9th, < a href= "http://www.91se91.com/news/index_s.asp" > ZHENG Mian < /a > 1405, the contract rose slightly, opening at 18825 yuan / ton, closing at 18820 yuan / ton, up 55 yuan / ton compared with the previous trading day, the volume increased slightly, and the position increased 934 to 70098 hands.

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< p > December 9th, the Zhengzhou PTA1405 contract opened at 7518 yuan / ton, closing at 7510 yuan / ton, up 32 yuan / ton compared with the previous trading day, or 0.43%.

Turnover dropped to about 159 thousand and 300 hands, and positions increased by 2826 to 390 thousand and 200.

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< p > December 9th, the US stock market closed slightly higher.

Investors are wondering when the Fed will start withdrawing from the QE and pay attention to the progress of the Washington budget negotiations.

A number of senior Federal Reserve officials issued a speech on reducing QE.

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< p > Dow Jones (16025.53, 5.33, 0.03%) the industrial average index rose 5.52 points, closed at 16025.72 points, or 0.03%; the standard & Poor's 500 index rose 3.29 points, at 1808.38 points, or 0.18%; while the NASDAQ [micro-blog] 4068.75 (4068.75, 4068.75, 4068.75) composite index rose to a point of 0.

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Gold futures of New York commercial > a href= "http://www.91se91.com/news/index_cj.asp" > Exchange "/a" February delivery increased by US $5.20 to US $1234.20 per ounce. < p >

Crude oil futures for January delivery fell 31 cents to $97.34 a barrel.

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