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The National Cotton Trading Market Fell Sharply In August 24Th.

2010/8/24 12:58:00 62

In August 23rd, the whole country

cotton

Trading market commodity cotton electronic matching pactions clinch a deal of 19000 tons, compared with the previous trading day reduced by 21600 tons, all MA contracts.

The order quantity increased by 6180 tons, and the total order quantity was 139960 tons.

The market has been low and low, and the poor economic data of the United States over the past two days have aggravated the market's worries about the two bottom finding of the economy. The US dollar strengthened and the stock market fell to bring pressure to the cotton market. The 20 day ICE cotton contract fell to 83.30 cents in December, and finally ended at a low point. Under the influence, the date was slightly lower and the intraday concussion was higher. The MA contracts closed at different prices. The MA1009 contract closed at 18370 yuan, up 173 yuan; the MA1010 contract closed at 17490 yuan, up 117 yuan; on the same day, the number of matching pactions was greatly reduced, and the order volume continued to increase; the lowest price was MA1012 contract 16985 yuan (328B), and the highest price was MA1009 contract 18730 yuan.

Today's matching has the following characteristics: first, the day's matching pactions have been greatly reduced, less than the previous one.

paction

MA1101 contract is the main deal on that day, a single contract turnover of 7560 tons, accounting for 40% of the total volume; two, the order volume continued to increase significantly by 6180 tons, in addition to the MA1009 contract reduction of 1460 tons in recent months, the rest of the MA contract volume increased significantly, especially in the month of MA1101 contract on the same day increased 4700 tons, has been three consecutive trading days to increase substantially, the market in the middle and long term.

Quotation

Differences increased; three, the average price of MA contracts rose differently, in recent months stronger, MA1009 contract price at 18329 yuan in the first contract, compared with the second high price MA1010 contract, the difference is 879 yuan; four, today's China cotton price index 328 level 18081 yuan / ton, compared with the average contract price MA1009 in recent months, 248 yuan.

As of August 22nd, cotton business in the national cotton trading market was 21116 tons, a decrease of 1373 tons compared with the previous day, of which 9614 tons of public inspection cotton, 345 tons less than the previous day, and 1094 tons of cotton for public inspection.