Home >

ICE: Investors Lost Their Bags For Ann &Nbsp; US Cotton Futures Fell Sharply.

2011/1/31 15:00:00 126

Friday (1.28) New York ICE Intercontinental Exchange cotton futures all fell, the March contract opened at 169.39 cents, the highest point in the market rushed to 171.10 cents, and then dropped sharply to 164.51 cents, eventually closed at 164.75 cents, down 4.64 cents, 20056 household turnover, 89165 hands empty; May contract closed at 159.49 cents, down by 3.94 cents; July contract at 151.15 cents, down by 89165 cents.

Analysts pointed out that this week

Stage cotton

After a record high price, investors take profits at the weekend.

In addition, the Chinese new year will fall, and the demand from China will slow down during the golden week.

Meanwhile, the current instability in Egypt will have a negative impact on the macro-economy, which will also put pressure on the cotton market.

Cotton fell 4.64 cents in March to 164.75 cents, 6.35 cents from the high point, 0.24 cents higher than the low.

In March cotton technology foresight in January 31st, curve research shows positive momentum, but now in the overbought area, so investors should be cautious.

The closing price is higher than the 9- moving average, releasing a positive short-term signal.

The market closing price is lower than the first swing support value, indicating that today's market trend is moderately negative.

The short line up target is 172.86 cents.

The next drag range is about 168.04 cents and 172.86 cents, and the first supporting position is today's 161.46 cents and 159.69 cents below.

January 28th cotton

Spot market

SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 156.32 cents / pound, the highest price in January 27, 2011 is 160.64 cents; the lowest price in August 2, 2010 is 80.18 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 160.29 cents / pound.

In January 28th, 4048 cotton bags were sold in the spot market, and 484169 bags were sold this year, compared with 583945 packages in the same period last year.

The total inventory of NY certification in January 27th is 137904 packages, and 21775 bags are to be certified.

January 28th -2 03, global adjustment price (AWP) 171.58 cents / pound.

In January 27th, the Cotlook cotton Outlook Index rose, and the Far East A index rose 500 points to 194.50 / lbs.

The A index rose 1280 points this week.

January 27th China

Cotton price

Index CC Index 328 National weighted average price of 28501 yuan / ton, up 68 yuan.

CC Index 527 closed at 26229 yuan / ton, up 58 yuan, and CC Index 229 closed at 29393 yuan / ton, up 75 yuan.

In January 27th, the 1109 contract of the main contract of China's Zhengzhou exchange was reported to close at 32635 yuan per ton, up 4.15%.

{page_break}

In January 27th, China's cotton import price index (FC Index M) was 190.133, up 3.80.

The import cost is 32045 yuan / ton at 1% customs duty, and 32373 yuan per ton according to the sliding price.

The US stock market fell sharply on Friday, and the market suffered the biggest one-day drop in more than two months, and US stocks ended the eight week's momentum.

The situation in Egypt has made investors nervous and risk averse, and crude oil and gold futures have risen sharply.

The Dow Jones Industrial Average fell 166.13 points to 11823.70, or 1.39%, the largest single day decline since November 16th.

Dow fell 0.4% this week.

New York gold futures rose 22.30 US dollars to settle at US $1340.70 an ounce.

Crude oil futures rose 4.3% to $89.34 a barrel.

The GDP report released by the US government in the fourth quarter of 2010 showed that the growth rate of the US economy exceeded 2.6% in the three quarter, but the growth rate of 3.2% was still lower than the market expectation.

It is gratifying to note that the growth rate of consumer spending has reached a new high of over four years. The strong growth of exports clearly indicates that the US economy has been on the road of sustainable recovery.