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ICE&Nbsp; The US Cotton Futures Market Failed To Maintain The Highest Point In The Market.

2010/8/24 14:58:00 40

Cotton Futures Market

Monday (8.23) ICE us

Stage cotton

The closing market was strong, but failed to hold the highest point in the disk. It was high in the morning market, but the energy was insufficient and the seller went to the market.


October 2010 contract opening price of 87.29 cents, intraday shock interval 88.53- 87.29 cents, the final closing price of 87.65 cents, up 0.50 cents, turnover 68 hands, the last day settlement 87.15 cents, empty volume 919 cents.


December 2010 contract opening price of 83.57 cents, intraday shock interval 85.26- 83.57 cents, the final closing price of 84.09 cents, up 0.54 cents, turnover 6301 hands, the last day settlement 83.55 cents, empty volume 142697 cents.


2011 03 month contract opening price of 81.81 cents, intraday shock interval 82.97- 81.62 cents, the final closing price of 82.31 cents, up 0.69 cents.

volume

The 1819 hand, the last day settlement price is 81.62 cents, the empty disk volume is 50409 cents.


Sharon Johnson, an analyst at the first Capitol group in Atlanta, said that in the early morning rally, the market activated the pre-set stop point of the exchange.

Traders made profits and some cotton merchants sold near the high point.


Insiders say Pakistan cotton loss is expected at 11-14%.

The Pakistan ginning Club Association predicts that the loss will be as high as 18%.

The loss of cotton is about 2 million 500 thousand packs, and the output target is 14 million packs.


At the same time, commodity index strengthened in early days, and also provided support for the cotton market.


commodity futures

paction

According to the committee's dealer classification report, in the week ending August 17th, traders in management funds increased by 10392 ICE cotton and options, and their net long positions increased from 61308 last week to 71739 contracts.

The fund reduced 40 short positions in the reporting week.

The net long interest rate of the fund dropped from 22.9% last week to 24.2%.

Commercial traders increased their net short positions to 143232, compared to 128512 contracts last week.


China's General Administration of Customs reported on Monday that cotton imports in China increased by 29% from July to 168845 tons.

Imports decreased by 4.7% in July compared with June.

In the first 7 months of this year, China imported 1 million 710 thousand tons of cotton, an increase of 98% over the same period last year.

The United States, Uzbekistan and Australia are the three largest importing countries in China.


The exchange reported that in August 20, 2010, New York certified 19123 stocks and 0 bags to be certified.


The exchange reported that there were about 9615 contracts for cotton futures today, 6052 for call options and 1470 for put options.

The most active December cotton rose 0.54 cents, or 0.65%, to 84.09 cents a pound.


ICE US cotton futures closing August 23rd




    
        
            
            

Contract month


            
 

            
            
            

Current settlement


            
            
            

Pre settlement

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