ICE Cotton Rose 25 Days

Intercontinental Exchange (ICE) cotton rose 25 days, analysts point out Investors were short to make up for the third straight day in the market. The market fell to a low of 14 months last week (in October 22nd).

The ICE index rose 1.74 cents in December cotton and closed at $0.9968 / pound, with a range of 0.9757 US dollars / pound to 1.0063 dollars / pound.

The contract fell nearly 3% on 20 days, closing at 0.9686 dollar Pound, the lowest spot contract since September 2010.

This is the first time in December that the contract has broken through 0.98 US $/ lb to $1.04 / lb in the past 4 weeks.

The initial data of famous media showed that the turnover volume of 25 days exceeded 23000 hands, which was about 2/3 higher than that of the 30 day average.

ICE data show that as of October 24th, cotton The market's open position is 158624 hands, the highest since June 9th. The 24 day no open contract was 157290.

ICE data also showed that 24 cotton turnover was 13055 hands, the previous day was 15069 hands.