In August 24Th, New York'S ICE Showed A Low And Low Profile, And China Might Throw It Away.

Friday (8.24) New York ICE Intercontinental Exchange cotton futures continued to open at a low price. The contract in October opened at 75.32 cents, the highest 75.97 cents in the market, and the lowest 74.05 cents, ending at 74.45 cents, down 1.45 cents from the previous trading day. The main contract in December was opened at 76.69 cents, the highest 76.99 cents in the market, the lowest 74.72 cents, and finally closed at 75.21 cents, down by 1.59 cents compared with the previous trading day.

According to market rumors, China may sell 15% of its national reserve cotton in September, which will increase the supply of the market, and the market is already saturated. Sharon Johnson, an expert in cotton futures futures, said that the price of China's state treasury cotton will be much lower than that of other imported cotton, and that the import interest of cotton textile mill will be weakened, which will have a negative psychological impact on the market. Before the 1-3 weekend long holiday in September, the market may be profitable, and prices may be further suppressed next week. Trading volume fell to about 11600 hands on Friday, half of the 30 day average.

Cotton noodles: cotton market prices are consolidating the gains on Monday and Tuesday. The short term trend is positive, with an important support of about 75 cents. The key supporting position is 73.50 cents. If these supporting positions are broken down, the trend of the current bullish trend will disappear. The market has reached an important intermediate range of resistance. The market has more potential to increase, but in the foreseeable future, the market can not break through 80.00-82.00 cents.

The US stock market closed up on Friday. It is reported that the European Central Bank is considering a new plan to buy treasury bonds. Bernanke, the chairman of the Federal Reserve, said the US central bank needed more tools to stimulate the economy when necessary. On the economic data side, the US Department of Commerce announced that the US durable goods orders increased by 4.2% in July. Durable goods orders increased by 4.2% in July.

August 24th state cotton Spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 70.43 cents / pound, the highest annual price in August 21, 2012 72.29 cents; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 75.24 cents / pound.

In August 24th, 610 cotton bags were sold in the US spot market, and 30690 bags were sold this year, and 8586 bags were sold in the same period.

In August 23rd, there were 22071 packages of NY certified stock and 0 packages to be certified.

In August 24th, the United States spot market Pima cotton, 2 (fiber 46) 116 cents / pound, 3 (fiber 44) 98 cents, 3 (fiber) 103 cents, 0 bags, the annual turnover 170 bags.

The US Department of Agriculture announced the global adjustment price (AWP) of 63.14 cents on -8 30 August 24th.

In August 24th, the Cotlook cotton Outlook Index fell, and the A index fell 20 points to 86.40 cents / pound.

In August 24th, China's cotton price index CC Index 328 nationwide weighted average price closed at 18430 yuan / ton, up 17 yuan. CC Index 527 closed at 16105 yuan / ton, up 18 yuan, and CC Index 229 closed at 19450 yuan / ton, up 8 yuan.

In August 24th, China's cotton import price index (FC Index M) was 89.24 cents, down 0 cents.

In August 24th, Zheng cotton 1301 contract opened at 19650 yuan / ton, closing at 19650 yuan / ton, compared with the previous trading day, it fell 70 yuan / ton, trading volume decreased to 120288 hands slightly, and the position was reduced 7318 to 270286 hands.

In August 24th, Zhengzhou PTA1301 contract opened at 7498 yuan / ton, closing at 7514 yuan / ton, up 22 yuan / ton compared with the previous trading day, or 0.29%. Trading volume dropped to about 1 million 465 thousand and 800 hands, and holdings dropped by 24462 to 648 thousand and 800.

In August 24th, the Dow Jones industrial average rose 100.51 points, closing at 13157.97 points, or 0.77%. The NASDAQ (micro-blog) composite index rose 16.39 points to 3069.79 points, or 0.54%, while the standard & Poor's 500 index rose 9.04 points to 1411.12 points, or 0.64%.

In August 24th, Nymex crude oil (96.12, -0.15, -0.16%) futures prices It fell 0.1% to $96.15 a barrel. Gold (1673.40,0.60,0.04%) futures rose 10 cents to $1672.90 an ounce.