August 2Nd ICE Intercontinental Exchange Cotton Futures Rebounded Across The Board

Thursday (8.02) ICE Intercontinental Exchange in New York Cotton futures The whole line picked up, and the October contract rose slightly at 70.11 cents, the highest 70.47 cents, the lowest 69.86 cents, ending at 70.44 cents, up 0.38 cents from the previous trading day. The main contract in December was opened at 70.55 cents, the highest 71.30 cents in the market, the lowest 70.21 cents, and finally closed at 70.97 cents, up by 0.41 cents from the previous trading day.

Market analysts pointed out that on Friday, the US government will release key employment data. The US Department of Agriculture released the supply and demand report in August 10th, and the market investors adjusted their positions on the eve of the report, and a small number of speculators bought the market to push up the market. The US Department of Agriculture issued the latest weekly report on the US cotton export and sales. The sales and export volume both showed positive results, and to some extent, it also inject confidence into the market. According to the relevant data, about 9900 hands traded on Thursday, a decrease of about 3/4 compared with the 30 daily average. ICE Intercontinental Exchange said that as of August 1st, unliquidated contracts rose three to 178021. The turnover is 15974 hands on Wednesday.

The International Cotton Advisory Committee said that the end of the global inventory is high, putting downward pressure on the cotton market, which will largely depend on how China deals with national reserves and the time and quantity of increasing import quotas. The US Department of Agriculture reports that during the 2012-13 sales year (beginning in August 1st), China purchased 16700 bales of cotton in the week ending July 26th.

The US Department of Agriculture released the latest US cotton export sales weekly. In the week of 20-26 July 2012, the annual sales of 2011/2012 cotton sold 39700 standard export packages, which increased significantly compared with last week, and increased by 10% compared with the average weekly sales volume. China is the biggest buyer (11200 packs). 2012/13 annual sales net sales of 169100 packages, including sales to China (16700 packages). The export of upland cotton was 301400 packs, 97% higher than last week, 56% higher than the average export volume. China is the largest destination (188100 packs).

Pima cotton sells 5100 packages in China, which sells to China (1500 packages). 2012/13 annual sales net sales of 7900 packages, China is the largest buyer (5200 packages). Pima cotton exports 9100 packs, China is the largest destination (4800 packs).

The US stock market fell on Thursday. The European Central Bank President Delagi only proposed a plan to solve the European debt crisis, which forced the stock market to bear pressure. Delagi said the euro zone member states must be prepared to start the European financial stability mechanism (EFSF). Delagi suggested that the European Central Bank is ready to unite with European governments to buy enough treasury bonds to curb the debt crisis in the eurozone, but he acknowledged that the Bundesbank did not fully agree with the idea. In the US economic data, the US Labor Department announced that the number of first jobless claims in the week ending July 28th was 365 thousand, better than expected.

August 2nd cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 66.14 cents / pound, the highest annual price 66.14 cents in August 2, 2012; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 70.91 cents / pound.

The US spot market in August 2nd Upland cotton 1269 bags were sold, and 2388 bags were sold this year. 104 bags were sold during the same period last year.

In August 1st, NY certified 36049 of inventory and 0 bags to be certified.

In August 2nd, the United States spot market Pima cotton, 2 (fiber 46) 116 cents / pound, 3 (fiber 44) 98 cents, 3 (fiber) 103 cents, 170 bags, the annual turnover 170 bags.

The US Department of Agriculture announced the global adjustment price (AWP) of 63.02 cents on -8 02 July 27th.

In August 2nd, the Cotlook cotton Outlook Index fell, and the A index fell 70 points to 80.95 cents / pound.

In August 2nd, China's cotton price index CC Index 328 nationwide weighted average price closed at 18332 yuan / ton, up 3 yuan. CC Index 527 closed at 16013 yuan / ton, up 2 yuan, and CC Index 229 closed at 19416 yuan / ton, up 0 yuan.

In August 2nd, China's cotton import price index (FC Index M) was 87.18 cents, down 0.35 cents. The price will be 14887 to 3445 yuan per ton.

In August 2nd, Zheng cotton 1301 the contract opened at 18950 yuan / ton, closing at 18990 yuan / ton, up 15 yuan / ton compared with the previous trading day, or 0.08%, and the turnover dropped to 122 thousand and 400 hands, and the position increased 2906 hands to 310 thousand and 900 hands.

In August 2nd, the Zhengzhou PTA main force 1301 contract opened at a low price, showing a sharp fall in the day, and finally closed at 7506 yuan / ton. Compared with the previous trading day, the settlement price fell 104 yuan / ton, the turnover was 1986164 hands, and the position was reduced by 11888 to 587276 hands.