Market Analysis Of ICE Cotton In December 18Th

< p > Wednesday (12.18) New York ICE Intercontinental Exchange < a href= "//www.sjfzxm.com/news/index_s.asp > > cotton < /a > Contract strengthened slightly.

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< p > 14 March, the contract opened at 82.95 cents, the highest 83.20 cents, the lowest 82.50 cents, and finally closed at 83 cents, up 0.05 cents from the previous trading day, with 9255 hands in turnover and 109680 hands in open positions.

14 years in May, the contract opened at 82.45 cents, the highest 82.93 cents in the market, the lowest 82.22 cents, and finally closed at 82.76 cents, up 0.11 cents from the previous trading day, with 1917 hands in turnover and 31638 hands in open positions.

14 years in July, the contract opened at 81.97 cents, the highest 82.58 cents in the market, the lowest 81.80 cents, and finally closed at 82.45 cents, up 0.27 cents from the previous trading day, with 687 hands in turnover and 15699 hands in open positions.

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On Wednesday, after the two day meeting of the Federal Open Market Committee (FOMC), the Federal Reserve announced that it would reduce its monthly assets by 10 billion US dollars and reduce it to 75 billion US dollars from January next year, marking its confidence in the economy and enhancing the hope of improving retail demand.

ICE cotton prices have gone up slightly.

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< p > the most active March cotton contract in the US ICE futures exchange closed at 83 cents / pound, up 0.05 cents, or 0.1%, when the trading area narrowed to 0.70 cents.

Turnover is very low, and turnover is only 6004 in March.

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< p > cotton kept its early gains after the Fed said it would reduce its economic stimulus.

Wall Street's stock market rose and the US dollar rose, rebounding from the rapid decline of the central bank's announcement of its policy.

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< p > the confidence in the US economy will continue to grow. It will promote the hope of increasing demand for "a target=" _blank "href=" //www.sjfzxm.com/ "clothing" /a ".

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"Even so, any pressure to reduce the economic stimulus to emerging market circulation could change the dynamics of Pakistan's imports and exports of India," said P analyst INTL four.

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< p > traders warned that this could reduce the competitiveness of the world's largest cotton exporter, US cotton, in the export market.

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< p > from a technical point of view, cotton is still close to overbought, with a relative strength index of 65, so it is easy for the market to encounter downward revision.

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< p > traders are also waiting for the export sales weekly released on Thursday. This report will give people a peek at the demand for "a" target= _blank href= "//www.sjfzxm.com/" textile "/a" factory when prices rose last week.

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< p > INTL Fu four communications analyst said: "China's cotton purchase is still in progress, but textile mills show that they are increasingly reluctant to buy."

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< p > December 18th American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 79.71 cents / pound, the highest annual price 89.14 cents in August 16, 2013; the lowest price in November 22, 2013 73.49 cents; 1 3/32" cotton (color 31, leaf chips 3, fiber Wei 35) average price 84.09 cents / pound.

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< p > December 18th the US spot market traded 9963 cotton bags, and this year handled 575177 bags.

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< p > December 18th the American spot market Pima cotton, grade 2 (fiber 46) 178 cents / pound, 3 grade (fiber 44) 161 cents, 3 grade (fiber 46) 166 cents, turnover 0 pack, annual turnover 25632 bag.

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< p > the US Department of Agriculture announced the global adjustment price (AWP) 65.92 cents on December 13th 19 -12.

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< p > December 18th, the Cotlook cotton Outlook Index fell, and the A index fell 70 points, to 88.15 cents / pound.

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< p > December 18th, China's cotton price index CC Index 3128B nationwide weighted average price closed at 19518 yuan / ton, up 17 yuan.

CC Index 2227B closed at 17958 yuan / ton, up 5 yuan, and CC Index 2129B closed at 20288 yuan / ton, up 11 yuan.

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< p > December 18th, China imported FC cotton price index (Index M) 92.82 cents, down 0.84 cents.

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< p > December 18th, Zheng cotton 1405 contract low after a slight rise, opened at 18770 yuan / ton, closing at 18790 yuan / ton, compared with the previous trading day rose 15 yuan / ton, turnover increased significantly, the position decreased by 1598 to 66198 hands.

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< p > December 18th, the Zhengzhou PTA1405 contract opened at 7408 yuan / ton, closing at 7346 yuan / ton, down 88 yuan / ton compared with the previous trading day, or 1.18%.

Turnover increased to about 441 thousand and 600 hands, and positions increased by 66574 to 443 thousand and 600.

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< p > December 18th, the US stock market sharply increased, the Dow rose nearly 300 points, and stood on the 16000 point.

The Federal Reserve announced that it would reduce the size of its monthly purchase assets by 10 billion US dollars from January to 75 billion US dollars.

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< p > Dow Jones (16167.97, 292.71, 1.84%) the industrial average index rose 293.03 points, closed at 16168.29 points, or 1.85%; the standard & Poor's 500 index rose 29.72 points, at 1810.72 points, or 1.67%; while the NASDAQ [micro-blog] 4070.06 (4070.06, 4070.06, 4070.06) composite index rose to a point of 0.

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Gold futures in February, New York commercial > a href= "//www.sjfzxm.com/news/index_s.asp" > trading < /a >, rose 4.90 US dollars to close at US $1235 an ounce.

The delivery of crude oil futures in January rose 58 cents to $97.80 a barrel.

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