Us And European Debt Crisis Triggered Continued Market Downturn

Stage cotton

The contract continued to decline sharply, and the October contract closed at 97.95 cents, down 3.51 cents; the main contract in December opened at 96.94 cents, the highest 100.73 cents in the market, the lowest 94.46 cents, and finally closed at 96.84 cents, down 2.62 cents, 15944 hands in turnover, 96770 hands in the open position, and 15944 cents in March 12 cents.

Preliminary data show that the total volume of the market reached 24 thousand and 500 hands, which is 25% higher than the 30 daily average.

According to the data released by the Intercontinental Exchange, as of July 15th, the ICE cotton open position was 134 thousand and 8 hands, compared with 135 thousand and 977 hands on the previous day and 27 thousand and 650 hands on Friday, compared with 12 thousand and 903 hands on the previous day.