September 18, 2012 Cotton Cotton Futures Review Of New York Cotton Futures Review ICE

Tuesday (9.18) ICE Intercontinental Exchange in New York

Futures rose slightly, and the October contract opened at 75.33 cents, the highest 75.38 cents, the lowest 74.94 cents, ending at 74.98 cents, up 74.98 cents from the previous paction. The main contract in December was slightly lower at 75.30 cents, the highest 76.45 cents in the market, the lowest 75.07 cents, and finally closed at 76.02 cents, up by 0.69 cents from the previous trading day. The turnover volume was 14582 hand, and the unliquidated amount was 14582.

Cotton is slightly stronger in New York during the current period, though the supply and demand situation of global cotton is still bad.

Andy Ryan, INTL FCStone, said, "to be honest, this is not really meaningful."

He said that selling more cotton to China's cotton reserves may be the reason behind the strong market.

In this case, you will not understand the situation unless you sell cotton to cotton merchants in China's cotton reserves.

He said the US Department of agriculture will announce a week's cotton sales data on Thursday, which may give some hints to the market.

Today's ICE Intercontinental Exchange closed 0.9% cotton in December, closing at 76.02 cents / pound.

The US stock market closed differently on Tuesday.

The NAHB confidence index for residential builders rose to a 6 year high in September.

FedEx released second quarter earnings warning.

Market participants say that the stock market is overheating at this stage, and the market performance is somewhat out of touch with the economic situation.

On the economic data side, the US current account deficit dropped to US $117 billion 400 million in the second quarter, and net inflow dropped to US $88 billion 500 million.

The current account deficit was cut to $133 billion 600 million in the first quarter.

In September 18th, 2451 cotton bags were sold in the US spot market, and 80202 bags were sold this year, and 26198 bags were sold in the same period.

In September 17th, there were 16452 packages of NY certified stock and 0 packages to be certified.

September 18th American spot market Pima cotton, grade 2 (

46) 118.50 cents / pound, 3 (fiber 44) 100.50 cents, 3 (fiber) 105.50 cents, 0 pack, and annual turnover 2465 packets.

The US Department of Agriculture announced the global adjustment price (AWP) of 64.53 cents on -9 20 September 14th.

In September 18th, the Cotlook cotton Outlook Index fell, and the A index fell 45 points to 84.45 cents / pound.

In September 18th, China's cotton price index CC Index 328 nationwide weighted average price closed at 18639 yuan / ton, up 2 yuan.

CC Index 527 closed at 16335 yuan / ton, up 5 yuan, and CC Index 229 closed at 19582 yuan / ton, up 2 yuan.

In September 18th, China's cotton import price index (FC Index M) was 89.44 cents, down 0.23 cents.

In September 18th, Zheng cotton 1301 contract opened at 19550 yuan / ton, closing at 19810 yuan / ton, up 255 yuan / ton compared with the previous trading day, the highest price 19985 yuan / ton, the lowest price 19515 yuan / ton.

Turnover increased to 476044 hands, and holdings increased by 25414 to 247378.

In September 17th, the Zhengzhou PTA1301 contract opened at 7950 yuan / ton, closing at 7942 yuan / ton, down 124 yuan / ton compared with the previous trading day, or 1.54%.

Turnover increased to about 1 million 267 thousand hands, and positions were reduced by 70206 to 611 thousand and 600.

In September 17th, the Dow Jones industrial average rose 11.69 points to 13564.79 points, or 0.09%, while the NASDAQ (micro-blog) composite index fell 0.87 points to 3177.80 points, or 0.03%, while the standard & Poor's 500 index fell 1.87 points to 1459.32 points, or 0.13%.

In September 17th, Nymex crude oil

Prices fell 1.4% to $95.29 a barrel.

Gold futures for December delivery rose 60 cents to $1771.20 an ounce.