November 6Th ICE Cotton Review: Cotton Futures Rose To Record The Longest Fall On Wednesday.

< p > > on Wednesday (11.6), during the main period of the ICE Intercontinental Exchange in New York, the cotton bottom rebounded. In December, the contract opened at 76.09 cents, the highest 78.94 cents in the market, the lowest 75.98 cents, and finally closed at 77.07 cents, up 1.13 cents from the previous trading day, with 16673 hands in turnover and 89110 hands in the open position.

14 years in March, the contract opened at 78.01 cents, the highest 80.52 cents in the market, the lowest 78.01 cents, and finally closed at 79.19 cents, up 1.16 cents from the previous trading day, with 10426 hands in turnover and 78230 hands in open positions.

14 years in May, the contract opened at 78.78 points, the highest 81.05 cents, the lowest 78.73 cents, and finally closed at 79.84 cents, up 1.12 cents from the previous trading day, with 1664 hands in turnover and 13754 hands in open positions.

The contract is now open and closed at the highest and lowest closing price today. The volume of settlement before clearing is less than /p.

< p > < strong > > Wednesday a href= "http://sjfzxm.com/news/index_cj.as" > cotton futures < /a > up > /strong > /p >

< p > cotton futures rose sharply on Wednesday, ending the longest decline in history, buying bottom and buying technology to drive cotton out of the bottom for 10 months.

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< p > the most active cotton futures contract in the US ICE futures rose 4% in December, the highest level was 78.94 cents / pound, closing up 1.13 cents, or 1.5%, ending at 77.07 cents / pound.

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< p > this is the largest single day increase in spot contracts since mid August.

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< p > Reuters data show that the market rebound has ended at least the longest fall since 1980.

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< p > the rebound was close to 79 cents, but as the rumor that China might soon start auctioning huge national reserves, the cotton market fell.

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Before the market rose, the spot contract showed the biggest overshoot level since 2012.

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< p > US brokers say: "we see some business at these prices.

We see bottoming out in recent days, but we see some defensive positions before closing.

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The closing price of P > 77 cents is regarded as a technical bullish which will reverse the trend of cotton prices on the edge of bear market.

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< p > the price of technology and psychological support near the price of 75 cents on Tuesday will drive the short purchase and low price purchases.

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< p > traders said that the contract options expired on Friday December, and the options related pactions before Friday brought some buying.

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< p > > a target= "_blank" href= "http://www.91se91.com/" > textile > /a > factory procurement has increased in recent weeks, as prices plummet and rekindle demand.

The price was 18% lower than the August high of 94 cents.

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The US government will issue export data on Thursday. Traders expect to show signs of strong demand, especially China, the world's largest consumer country, P.

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< p > traders believe that the market will fluctuate on Friday. As the United States Department of agriculture will issue monthly reports, the options expire and the index fund rolls out, the volume is expected to enlarge.

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< p > ICE latest data show that on Tuesday, stock exchange climbed to 172000 packs, the largest stock since July.

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< p > traders said in October that they expect the certification stock to rise to at least 150 thousand packs to 200 thousand packages, easing the worry of insufficient supply and allowing the market to have a positive price difference for the first time in a few months.

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< p > November 6th American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 74.51 cents / pound, annual highest price 89.14 cents August 16, 2013; annual lowest price November 5, 2013 73.49 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 78.96 cents / pound.

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< p > November 6th the US spot market traded 16221 cotton bags, and this year handled 123113 bags.

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< p > November 6th the American spot market Pima cotton, grade 2 (fiber 46) 173.50 cents / pound, 3 grade (fiber 44) 156.50 cents, 3 grade (fiber 46) 161.50 cents, turnover 2500 pack, annual turnover 19657 bag.

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< p > the US Department of Agriculture announced the global adjustment price (AWP) 65.03 cents on November 1st 7 -11.

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< p > November 6th, the Cotlook cotton outlook index did not rise or fall, and the A index did not rise or fall, at 84.25 cents / pound.

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< p > November 6th, < a href= "http://sjfzxm.com/news/index_f.asp" > China cotton price index < /a > CC Index 3128B, the national weighted average price closed at 19665 yuan / ton, up 15 yuan.

CC Index 2227B closed at 17854 yuan / ton, up 29 yuan, and CC Index 2129B closed at 20511 yuan / ton, up 5 yuan.

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< p > November 6th, China imported FC cotton price index (Index M) 88.48 cents, down 0.54 cents.

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< p > November 6th, Zheng cotton 1405 contract continued to go down, opened at 18605 yuan / ton, closing at 18535 yuan / ton, compared with the previous trading day fell 100 yuan / ton, turnover increased significantly, increased positions 3126 to 51426 hands.

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< p > November 6th, the Zhengzhou PTA1401 contract opened at 7514 yuan / ton, closing at 7534 yuan / ton, up 22 yuan / ton compared with the previous trading day, or 0.29%.

Trading volume dropped to about 69 thousand and 400 hands, and holdings dropped by 17472 to 494 thousand and 400.

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In P > November 6th, the US stock market generally rose, and the Dow hit two new highs.

Fed officials say that the acceleration of economic growth will reduce QE.

Investors wait for GDP and non farm employment data.

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< p > Dow Jones (15746.88, 128.66, 0.82%) the industrial average index rose 128.66 points, closed at 15746.88 points, or 0.82%; NASDAQ [micro-blog] (3931.95, -7.91, -0.20%) composite index fell 7.92 points, closed at 3931.95 points, or 0.20%, and the standard & Poor's 500 index rose by 3931.95 points, which rose to a point of gain.

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< p > the New York Mercantile Exchange delivered gold futures in December, rising 9.70 US dollars to 1317.80 US dollars per ounce.

Crude oil futures for December delivery rose 1.43 US dollars to settle at $94.80 a barrel.

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