12.8ICE Cotton Lower &Nbsp, A Small Sale By Investors.

ICE cotton fell slightly on the 8 day, due to Europe Central Bank There is no intention of adopting quantitative easing plan, triggering a slight selling of investors.

Comprehensive media reported on December 8th, Intercontinental Exchange (ICE) cotton 8 fell slightly, due to a small number of investors selling. Analysts said the 9 summit of the European Union (EU) and the announcement of a government crop report will be concerned by investors.

Weak financial markets led to pressure on cotton. After the European Central Bank (ECB) lowered its benchmark interest rate, Delagi, Mario Draghi, dispelled expectations that the central bank would take massive stimulus measures. He said he was passing. ration In terms of easing liquidity, the European Central Bank is constrained by its own mechanism.

ICE cotton fell 0.26 cents in March to 92.05 cents / pound, with a trading range of 91.66 cents / pound to 92.99 cents / pound. The 7 day trading range is 91.75 cents / pound to 93.80 cents / pound.

According to ICE Futures data, the 8 day turnover is about 6600 hands, compared with 30 days. mean value Less than 2/3.

"We are waiting for the European Conference," said Brown Keith Brown, President of Keith Brown. This is a big thing. "

The debt crisis has plagued the financial market for a long time. Several weeks And the possibility of recession is increasing. Most countries around the world may be hit.

In addition, market participants are waiting for the USDA monthly supply and demand report.

It is estimated that USDA will reduce the output of US cotton (20595,60.00,0.29%) in 2011/2012 and adjust the US cotton export expectation in 2011/2012.

USDA predicted the 2011/2012 in November in the supply and demand report. cotton Output will reach 16 million 300 thousand packages, lower than the previous month's 16 million 610 thousand package. US cotton exports were estimated at 11 million 500 thousand bales before 11 million 300 thousand bales.

ICE data show that the 7 day cotton market is not open for 140708 hands, the previous day was 139821 hands.

ICE data also showed that the total turnover volume of 7 days was 9344 hands, higher than that of the previous day's 12621 hands.