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

ICE cotton fell slightly on the 8 day, because the ECB did not intend to adopt quantitative easing.

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 that the European Central Bank has been constrained by its own mechanism through quantitative easing to boost liquidity.

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.

"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 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.

USDA is expected to fall by 2011/2012.

In November, USDA estimated that the US cotton output will reach 16 million 300 thousand packages in November, lower than the previous month's 16 million 610 thousand package.

US cotton exports were estimated at 11 million 300 thousand packs before 1150.

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.