September 2012 Cotton Review China Needs Support For Us Cotton Picking Up

Thursday (9.27) ICE Intercontinental Exchange in New York

Futures closed at 70.03 cents, up 0.51 cents from the previous paction. The main contract opened at 71.49 cents in October, the highest 71.59 cents in the market, the lowest 70.46 cents, and finally closed at 71.53 cents, up 0.51 cents from the previous trading day, 19519 hands in turnover, 119265 hands in the open position, and the March March contract opened at 72.39 cents, the highest intraday price of 19519 cents, the lowest cent in the market, and finally closed at the cent, which was higher than the previous trading day, with a turnover of less than 10 cents, and the volume of trading was no more than that of the open market.

In September 27th, the end of the ICE intercontinental cotton futures fell for five consecutive days. In the two months after cotton prices hit a trough, there were technical buying and short return.

In the week before September 20th, the US Department of Agriculture reported that the cotton market has rebounded slightly in the week ending September 20th, when the US cotton net sold 130500 standard export packages, of which China sold a total of 54900 packages.

Market participants say that the fact that China is still buying American cotton should play a supporting role in the market.

In addition, India's cotton production will be reduced due to inadequate monsoon rainfall, but India's domestic demand is rising, Commerzbank said.

Competition from India, the world's second largest cotton exporter, should be reduced and support for cotton prices should be provided.

Today's ICE Intercontinental Exchange delivered 0.7% cotton in December, closing at 71.53 cents / pound.

The US Department of Agriculture released the latest US cotton export sales weekly, based on the report submitted by the exporter on September 13, 2012 -20.

2012/13 sales year cotton net sales 130500 standard export package, the main buyers are China (54900 packages), Turkey (32300 pack), Mexico (25100 pack), Indonesia (7000 pack, including 900 packets of cotton pferred from Japan), South Korea (6400 pack), and Peru (6100 pack).

The report shows that there are India (4400 packs), Bangladesh (3500 packs), and Thailand (2100 packages).

Net sales of 11300 packages in 2013/14 were increased by Mexico (23000 bales) and Turkey (19800 bales), partly offset by Thailand (31500 packages).

There are 151600 packages of cotton exported to the mainland. The main destinations are China (72600 packages), Mexico (15000 packages), Turkey (10200 packages), and Taiwan (9800 packages).

The United States sells 3300 bales of net lint, which has increased in China (3800 packages), Pakistan (900 packages), Thailand (500 packages), Switzerland (400 packages), and Mexico (400 packages), partly offset by India (1900 packages) and Honduras reduction (1400 packages).

Pima cotton exports 11700 packages, the main destinations are China (3900 packages), Pakistan (3200 pack), India (1600 pack), and Germany (700 pack).

Thursday America

After closing, the S & P 500 index rebounded after 5 consecutive days.

Spain unveiled details of its budget, which will focus on spending cuts rather than tax increases.

US employment figures are better than expected.

In the face of economic data, the US Labor Department announced that the number of unemployed Americans at the beginning of the year was 359 thousand better than expected.

The number of people in the previous week was 382 thousand.

The US Department of Commerce announced that the 2 quarter GDP grew by 1.3% in the US.

In the two quarter of 2012, the annualized growth rate of GDP (gross domestic product) was 1.3% (final value).

China's stock market climbed sharply on Thursday, leading the Asian market.

The market expects the CSRC to make a significant announcement, but only the smaller measures are announced, as well as data on potential loan growth.

In September 27th, the US cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 66.34 cents / pound, the highest annual price 72.59 cents in August 31, 2012; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) were 71.15 cents / pound.

In September 27th, 1240 cotton bags were sold in the US spot market, and 89347 bags were sold this year, and 39756 bags were sold in the same period.

In September 26th, there were 16115 packages of NY certified stock and 807 packages to be certified.

In September 27th, 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 27th, the Cotlook cotton Outlook Index fell, and the A index fell 110 points, to 80.80 cents / pound.

In September 27th, China's cotton price index CC Index 328 nationwide weighted average price closed at 18666 yuan / ton, up 1 yuan.

CC Index 27 closed at 16360 yuan / ton, up 2 yuan, and CC Index 229 closed at 19591 yuan / ton, up 0 yuan.

In September 27th, China's cotton import price index (FC Index M) was 85.67 cents, down 0.74 cents.

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September 27th, 27, zhengmian 1301 contract opened 19350 yuan / ton, closing at 19295 yuan / ton, compared with the previous trading day fell 180 yuan / ton, the highest price 19400 yuan / ton, the lowest price 19270 yuan / ton.

Turnover increased to 108386 hands, and positions were reduced by 7962 to 218412.

In September 27th, the Zhengzhou PTA main force 1301 contract opened at a low price, showing a sharp fall in the day, and finally closed at 7654 yuan / ton, compared with the previous trading day settlement price rose 32 yuan / ton, the turnover was 987376 hands, the position reduced 61838 hand to 479574 hands.

In September 27th, the Dow Jones industrial average rose 72.46 points, closing at 13485.97 points, or 0.54%. The NASDAQ (micro-blog) composite index rose 42.90 points to 3136.60 points, or 1.39%, while the standard & Poor's 500 index rose 13.84 points to 1447.16 points, or 0.97%.

On September 27th, New York Mercantile Exchange's gold futures (1779.90, -0.60, -0.03%) futures rose 1.5% in December, closing at $1780.50 an ounce.

Crude oil delivered in November (92.23,0.38,0.41%)

Prices rose 2.1% to $91.85 a barrel.