September 25, 2012 ICE: Fundamentals, The Cotton Market Continues To Weaken

Tuesday (9.25)

ICE Intercontinental Exchange cotton futures rose high and low, the October contract closed to 70.81 cents, 0.20 cents lower than the previous one; the main force December contract was 72.82 cents high, the highest 73.59 cents, the lowest 72.27 cents, the final end to 72.33 cents, the last trading day 0.17 points, 16466 hands, unflat volume of 119320 hands, 13 March, the contract to 73.75 cents high, the lowest 74.47 cents, the lowest 73.19 cents, the last paction day dropped cents, volume hands, unflat volume hands.

Today's cotton market starts to rise and then falls, and volume shrinks. The weakening of the US dollar supports the morning market and the price ranges from 72.50-77.50 cents / pound in the recent trading range.

Rabobank said that the underlying fundamentals of the cotton market are strengthening, the international demand is dim, and the Chinese government's reserve cotton auction is a threat to the uplink of the cotton market.

The agency expects that the price of cotton in the fourth quarter will fall to 65 cents, which is the price seen in October 2009.

The US stock market fell on Tuesday.

The Fed's senior officials issued an encouraging statement that the Fed may raise interest rates ahead of time, which offset the positive impact of consumer confidence index and housing market economic data.

The The Conference Board reported a 70.3 consumer confidence index in September.

Consumer confidence was 60.6 in August.

September 25th state

Spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 67.13 cents / pound, the highest annual price in August 31, 2012 72.59 cents; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 71.94 cents / pound.

In September 25th, 1717 cotton bags were sold in the US spot market, and 87722 bags were sold this year, and 30119 bags were sold in the same period.

In September 24th, there were 15701 packages of NY certified stock and 720 packages to be certified.

In September 25th, the United States spot market Pima cotton, 2 (fiber 46) 118.50 cents / pound, 3 (fiber 44) 100.50 cents, 3 (fiber) 105.50 cents, 0 bags, the annual turnover 2465 bags.

The US Department of Agriculture announced the global adjustment price (AWP) of 64.15 cents on -9 27 September 21st.

In September 25th, the Cotlook cotton outlook index was weak, and the A index fell 40 points to 81.90 cents / pounds.

In September 25th, China's cotton price index CC Index 328 nationwide weighted average price closed at 18663 yuan / ton, up 5 yuan.

CC Index 27 closed at 16355 yuan / ton, up 6 yuan, and CC Index 229 closed at 19591 yuan / ton, up 3 yuan.

In September 25th, China's cotton import price index (FC Index M) was 87.31 cents, down 0.41 cents.

In September 25th, Zheng cotton main contract 1301 sorted and sorted out, closed at 19490 yuan / ton, fell 0.18%, the paction and positions were reduced.

Last night, ICE cotton main contract 12 cotton fell 1.02%.

In September 25th, Zhengzhou PTA1301 contract opened at 7662 yuan / ton, closing at 7688 yuan / ton, up 74 yuan / ton compared with the previous trading day, or 0.97%.

Turnover dropped to about 958 thousand and 600 hands, and positions increased by 18240 to 571 thousand and 100.

In September 25th, the Dow Jones Industrial Average fell 101.60 points, closing at 13457.32 points, or 0.75%, while the NASDAQ (micro-blog) composite index fell 43.05 points to 3117.73 points, or 1.36%, while the standard & Poor's 500 index fell 15.29 points to 1441.60 points, or 1.05%.

In September 25th, the New York Mercantile Exchange delivered crude oil in November.

Prices fell 0.6% to $91.37 a barrel.

Gold futures for delivery in December rose 0.1% to 1766.40 dollars an ounce.