10.19ICE Cotton Fell Slightly &Nbsp, And Was Hit By The Selling Of Some Speculators.

2011/10/21 15:55:00 20

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ICE cotton fell slightly on the 19 day, spreads trading LED

market

Trend.

Because of the uncertainty of the global economy, a small number of investors are selling down the cotton market.

Comprehensive media reported on October 19th that the ICE period cotton fell slightly on the 19 day and was suppressed by the sale of a small number of speculators. Analysts said that the spread of prices led the market today, because market participants were cautious about the European debt problem.

ICE index cotton fell 0.46 cents in December, closing at 0.9972

dollar

The trading range is between $0.9960 / lb and US $1.0142 / lb.

The market has been in the range of $0.98 / pound to $1.04 / pound for nearly four weeks.

The initial data of well-known media showed that the volume of trading on the 19 day was more than 16800 hands, which was more than 1/3 higher than that of the 30 day.

In December, the contract fell slightly below the 17 day low of 0.9961 US dollars / pound. The previous December contract held the level and then gradually rose to the psychological level of 1 dollars / pound.

MCM Inc analyst Jobe Moss pointed out that

Stage cotton

The main problem is weak demand and weak demand, partly because of uncertainty in the global economy when European leaders try to solve the European debt crisis.

The market will pay attention to the weekly export sales report released by the US Department of agriculture (USDA) on 20 th, to judge the export demand level of the US cotton (20250,15.00,0.07%).

ICE data showed that as of October 18th, the cotton market was closed at 151550 hands and 151791 hands in October 14th.

18 date cotton turnover is 10992 hands, the last day is 21492 hands.