November 10Th ICE: China Buys Cotton &Nbsp On A Regular Basis And Boosted The US Cotton Market.

Thursday (11.10) New York ICE Intercontinental Exchange cotton

The contract is open today, the highest and lowest.

December 97.18 100.78 96.81 99.50 99.50 2.32 1263297.1864436

03 months 97.20 100.32 100.32 96.71 98.88 98.88 1.74 951797.1468934

05 months 97.90 100.21 100.21 97.10 99.06 99.06 1.302225 97.7613279

Market analysts pointed out that the main reason for the strong cotton market today is that China buys large quantities of cotton to support the market.

China clearly needs to purchase cotton reserve reserve stocks.

According to the data released by the US Department of agriculture, China bought 998000 bales of cotton from the United States.

In the US cotton export sales weekly, China is once again the biggest buyer of American cotton.

From a technical perspective, the main contract is up to a target of 1.04 US dollars, with a target of 95.78 cents.

The US Department of Agriculture reported that in the latest week, the US 2011/12 sale of annual land cotton sold 998000 export packages, of which 996100 were sold to China (996100 packages) and 24900 tons of net sales in.

Exports to China with its own account (15500 bales).

Optional non US cotton exports to China (13200 bales).

The export of 107200 tons of upland cotton increased by 19% compared with last week, an increase of 31% compared with the average sales volume of four weeks, of which exports to China (48900 packages).

Pima cotton sells 1900 packages in China, which sells to China (1000 packages).

Pima cotton exports 3300 bales, of which exports to China (2000 packages).

November 10th cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 96.89 cents / pound, the highest annual price 110.14 cents in September 14, 2011; the lowest price in October 20, 2011 94.19 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) price 100.45 cents / pound.

In November 10th, 8011 packages of land cotton were sold in the spot market, and 174761 packages were sold in this year.

122744 bags were sold during the same period last year.

The total inventory of NY certification in November 9th is 37621 packages, and 11450 bags are to be certified.

November 4th -11 10, global adjustment price (AWP) 90.07 cents / pound.

In November 10th, the Cotlook cotton Outlook Index fell, and the A index fell 60 points to 106.05 cents / pound.

In November 10th, China's cotton price index CC Index 328 weighted average price of 19268 yuan / ton, down 3 yuan.

CC Index 527 closed at 16755 yuan / ton, down 5 yuan, and CC Index 229 closed at 20650 yuan / ton, down 3 yuan.

In November 10th, China's cotton import price index (FC Index M) was 112.19 cents, down 0.52 cents.

In November 10th, the Zheng cotton index fell 105 points to 20208, and the total turnover continued to shrink to 64 thousand. The total position decreased by 17 thousand to 285 thousand hands; the main 1205 fell 105 points to 20215, and the turnover continued to low to 57 thousand hands.

In November 10th, the Zhengzhou PTA 2101 contract opened at a low price and opened sharply. It opened sharply at 7900 points and closed at 7942. The total position of PTA in early trading increased by 21936 to 514030. Yesterday's trading volume was unchanged from the previous day to 1 million 400 thousand hands.

On the US stock market, the US stock market closed up on Thursday.

Last week, the number of Americans seeking unemployment benefits dropped to a 7 month low.

Italy's successful bid for treasury bonds temporarily alleviated the market's worries about the European debt crisis.

S & P admitted that the French AAA rating was downgraded due to technical mistakes.

In November 10th, the Dow Jones industrial average rose 112.92 points to 11893.86 points, or 0.96%, and the Nasdaq composite index rose 3.50 points to 2625.15 points, or 0.13%, while the standard & Poor's 500 index rose 10.60 points to 1239.70 points, or 0.86%.

In November 10th, in the commodity futures market, gold futures (1755.20, -4.40, -0.25%) fell 32 US dollars in December, closing at $1759.60 an ounce, or 1.8%, and hitting 1736.60 US dollars per ounce during the session.

Crude oil (97.44, -0.34, -0.35%) futures rose 2.1%, closing at $97.78 a barrel.

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