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Cotton Review: October 10Th ICE: Short Back To Fill &Nbsp; Cotton City Turn Stronger

2011/10/11 10:57:00 38

Monday (10.10) New York

ICE

Intercontinental Exchange cotton futures are short for investors.

Back up drive

The main contract was opened at 102.12 cents in December, the highest 103.90 cents in the market, the lowest 102.11 cents, ending at 103.34 cents, up 1.36 cents, 4693 hands in volume, 87887 hands in the open position, 100.46 cents in March, 1.40 cents; May contracts at 99.70 cents, up by 1.39 cents.

Preliminary data show 10 days

volume

For more than 8000 hands, the average daily volume decreased by 1/3 compared with 30.

ICE data showed that as of October 7th, the cotton market was closed at 153958 hands and 153340 hands in October 6th.

ICE data also showed that the 7 day turnover was 7552 hands, the lowest in September 16th.

Market analysts pointed out that the reason for the strong cotton market today is that investors are short to make up, but the deal is light, because the market is waiting for the US Department of agriculture (USDA) to announce the key monthly supply and demand report this week.

In the past 12 trading days, the market share of the December contract remained at about 0.98 US dollars to 1.04 dollars per pound.

Analysts say cotton has rebounded since nearly 10% in September, which is a rally triggered by the US dollar.

The market is waiting for the monthly report of supply and demand released by the US Department of agriculture on 12.

Traders said the Ministry of agriculture will gradually reduce the estimated output of 16 million 560 thousand bags (480 pounds per pack) of cotton in the United States in 2011/2012.

On the 07 th of October, the total amount of NY certified stock was 16258 packages, the number of withdrawal certificates was 2059 packages, and 2028 bags were required to be certified.

October 07 - 13 October global adjustment price (AWP) 90.90 cents / pound.

In October 10th, the Cotlook cotton Outlook Index fell, and the A index fell 60 points to 111.80 cents / pound.

In October 10th, China's cotton price index CC Index 328 weighted average price of 19945 yuan / ton, down 10 yuan.

CC Index 527 closed at 17233 yuan / ton, down 3 yuan, and CC Index 229 closed at 21405 yuan / ton, down 10 yuan.

In October 10th, China imported FC Index M (116.98 cent), up 0 cents.

In October 10th, the Zheng cotton index rose 110 to 20399, and the total turnover fell to only 98 thousand. The total position was further reduced by 9456 to 332 thousand.

The main force rose 1205 to 125, closing at 20455.

Shrinkage

To 89 thousand hands,

Hold positions

Reduce 9986 hands to 218 thousand hands.

In October 10th, Zhengzhou PTA main force opened 1201 in 8900, the highest 8930 in the day, the lowest 8766, ending at 8812, the average price rose 192 yuan / ton compared with the previous day.

881878 hands traded during the day, holding 13186 to 232180 hands.

In October 10th, the US stock market rose sharply on Monday, boosted by favorable news in Europe.

France and Germany have pledged to take all necessary measures to support the European banks.

Investors wait for the opening of the third financial season.

The Dow Jones industrial average rose 330.06 points to 11433.18 points, or 2.97%, while the Nasdaq composite index rose 86.70 points to 2566.05 points, or 3.50%, while the standard & Poor's 500 index rose 39.43 points to 1194.89 points, or 3.41%.

In October 10th, gold futures on December, which was traded on the New York Mercantile Exchange (NYMEX) commodity exchange (COMEX), rose 25 US dollars to close at $1670.80 an ounce, or 2.1%, the highest closing price since September 22nd.

In October 10th, the New York Mercantile Exchange (NYMEX) delivered light crude oil futures in November, which rose 2.43 US dollars to close at $85.41 a barrel, or 2.9%, the highest closing price since September 21st.