Cotton Review: ICE: Market Concerns China Policy In January 3Rd

< p > Thursday (1.3) New York ICE Intercontinental Exchange < a href= "http://www.91se91.com/news/index_s.asp" > cotton futures < /a > Ping Gao Gao, the most active 13 year March contract opened at 75.36 cents, the highest 76.34 cents in the market, the lowest 75.04 cents, and finally closed at 75.39 cents, up 0.03 cents from the previous trading day, 18354 hands in turnover, 123272 hands in the open position.

13 years in May, the contract opened at a low price of 76.22 cents, the highest 77 cents in the market, the lowest 75.87 cents, and finally closed at 76.22 cents, down 0.01 cents from the previous trading day, with 5462 hands in turnover and 24310 hands in open positions.

13 years in July, the contract opened at 77.47 cents, the highest 78 cents, the lowest 76.84 cents, and finally closed at 77.24 cents, down 0.07 cents from the previous trading day, with 3736 hands in turnover and 15532 hands in open positions.

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< p > yesterday, ICE < a href= "http://www.91se91.com/news/index_c.asp" > American cotton < /a > hit a new start on the first trading day of the new year. The Chinese market will open the first trading day of the new year on Friday. Many traders are waiting for the news of the Chinese market. There are rumors that China may modify import quotas and put some strategic cotton reserves into the country. These rumors have caused bad news for the market.

On the other hand, the market is concerned about the latest US cotton export sales data released by the US Department of agriculture on Friday.

Most market participants expect that sales will be further reduced due to Christmas and price strengthening.

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< p > ICAC reported that in the current year, the world end inventory ratio increased to about 0.70, the highest proportion since the end of World War II.

Therefore, prices may be at a record low.

However, so far this year, the Cotlook index has averaged 83 cents, far higher than the long-term average of 69 cents.

This year, world production has decreased by 1 million 500 thousand tons to 26 million tons, and consumption has increased by 760 thousand tons to 23 million 500 thousand tons.

But production is 10% higher than consumption.

The end of world cotton inventory is expected to reach the peak since World War II.

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The US stock market fell slightly on Thursday, P.

The a href= "http://www.91se91.com/news/index_q.asp" > the Fed's < /a > hinted at the conclusion of the December monetary policy meeting that it might end the purchase of treasury bonds in 2013, which offset the impact of favorable employment data.

The US labor department's economic data show that the number of initial jobless claims increased by 10 thousand last week, and the total climbed to 372 thousand, a 5 week high.

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< p > January 3rd American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 71.10 cents / pound, annual highest price 72.97 cents October 17, 2012; annual lowest price November 8, 2012 65.11 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 75.84 cents / pound.

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< p > January 3rd the US spot market traded 10922 cotton bags, and this year handled 1023767 bags.

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< p > January 3rd the American spot market Pima cotton, grade 2 (fiber 46) 120 cents / pound, 3 grade (fiber 44) 102 cents, 3 grade (fiber) 107 cents, clinch a 0 pack, annual turnover 3773 3773 pack.

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< p > the US Department of Agriculture announced the global adjustment price (AWP) 63.85 cents on December 28th 03 -1.

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< p > January 3rd, the Cotlook cotton Outlook Index strengthened, and the A index rose 10 points, to 83.45 cents / pound.

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< p > December 31st, China's cotton price index CC Index 328 national average weighted average price closed at 19201 yuan / ton, up 8 yuan.

CC Index 27 closed at 16839 yuan / ton, up 6 yuan, and CC Index 229 closed at 19981 yuan / ton, up 3 yuan.

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< p > December 31st, China imported FC cotton price index (Index M) 85.41 cents, down 0.88 cents.

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< p > December 31st, 31, zhengmian 1305 contract opened at a low level, closed a medium Yin K line, opened at 19010 yuan / ton, closing at 18950 yuan / ton, compared with the previous trading day fell 150 yuan / ton, the highest price 19075 yuan / ton, the lowest price 18870 yuan / ton.

Trading volume decreased slightly to 88234 hands, and positions increased by 1788 to 188884.

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< p > December 31st, the Zhengzhou PTA1305 contract opened at 8430 yuan / ton, closing at 8562 yuan / ton, up 142 yuan / ton compared with the previous trading day, or 1.69%.

Turnover increased to about 820 thousand and 800 hands, and positions were reduced by 19156 to 426 thousand and 900.

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In January 3rd, the Dow Jones Industrial Average fell 21.19 points, closing at 13391.36 points, or 0.16%, while the NASDAQ [micro-blog] composite index fell 11.69 points to 3100.57 points, or 0.38%, while the standard & Poor's 500 index fell 3.05 points to 1459.37 points, or P.

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< p style= "text-align: center >" January 3rd New York Mercantile Exchange gold (1663.10, -11.50, -0.69%) futures price fell 14.20 US dollars to close at 1674.60 US dollars per ounce.

Crude oil (92.80, -0.12, -0.13%) futures fell 20 cents to $92.92 a barrel.

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