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    The Cotton Increased By &Nbsp In A Small Way, And The Pattern Of Overall Consolidation Was Achieved.

    2011/12/2 8:57:00 7

    ICE cotton rose 1 days, which helped investors to buy, because the market lacked guidelines, and overall showed a pattern of regional consolidation.


    Comprehensive media reported on December 1st, Intercontinental Exchange (ICE) cotton rose 1 days, retail investors Investment person Bid Support, interval fluctuation. The broker said that due to lack of guidance, the cotton futures will linger before the weekend.


    ICE


    Cotton rose 0.39 cents in March, closing at 91.30 cents / pound. The intraday trading range was 90.83 cents / pound to 92.77 cents / pound. Today's trading day is 30 days, 90.70 cents / pound to 93.67 cents / pound.


    Reuters data It shows that the market rebounded slightly after the low point after hitting 88.50 cents / pound on the 29 day in early September 2010.


    Thomson Reuters preliminary data also showed that the turnover volume of 1 days exceeded 12500 hands, which was nearly 50% lower than that of 30 days.


    The market has little response to the USDA Export Report for the week.


    The US Department of Agriculture said that the net export volume of cotton was 85000 export package, which was sold to China for 65000 packages.


    ICE data show that the 30 day cotton market is not open for 137741 hands, lower than the 138214 hand of the previous day.


    ICE data also showed that the total turnover of 30 days was 16615 hands, and the last day was 19103 hands.

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