ICE On August 7: Cotton Futures Rose And Fell Slightly

Tuesday (8.07) ICE New York Cotton futures The contract in October opened at a low price of 74.41 cents, with the highest of 75.57 cents and the lowest of 74.39 cents, and finally closed at 74.96 cents, down 0.16 cents from the previous trading day; The main December contract opened at a low price of 75.12 cents, with the highest of 75.98 cents and the lowest of 74.70 cents, and finally closed at 75.40 cents, 0.32 cents lower than the previous trading day. The trading volume was 16902 hands, and the open position was 134498 hands; The contract in March 2013 closed at 76.43 cents, down 0.26 cents from the previous trading day.

After rising 6.3% for two consecutive trading days, cotton producers entered the market and shipped goods. Today's cotton market shows a trend of rising and falling. Today, cotton futures once hit an 11 week high in the session, but failed to hold the rise and closed slightly lower. Sharon Long Johnson of Knight Futures said that the reason behind the market rise was that the expected crop rating declined, and the situation of Indian cotton was almost unchanged. The market is more sensitive to the moderate reduction of cotton output because it is impossible to understand the world's ending inventory scale outside China and can only understand China's inventory to some extent.

The drought in India, the world's second largest cotton producer, will reduce cotton production and affect exports. The dry weather covers a large area of Indian farmland. In the next sales year starting from October 1, India's cotton production may decrease, which will affect the export prospects and reduce the cotton supply of domestic textile mills.

The US stock market rose for the third consecutive trading day on Tuesday, with the three major stock indexes all hitting new highs in three months. The S&P 500 index broke 1400 points for the first time since the beginning of May. Investors still believe that the global central bank will take measures to support the market. Investors are "satisfied" with the policies of European bankers and expect the United States to take measures to promote economic development. According to the data released by the Federal Reserve, consumer credit in the United States increased by $6.5 billion in June compared with May.

On August 7, the average price of slm 1-1/16 "cotton (color 41, leaf crumbs 4, fiber 34) in China's cotton spot market was 70.76 cents/pound, with the annual highest price of 70.87 cents on August 6, 2012; the annual lowest price was 65.79 cents on August 1, 2012; the average price of 1 3/32" cotton (color 31, leaf crumbs 3, fiber 35) was 75.53 cents/pound.

On August 7, 1394 bales of upland cotton were sold in the US spot market, and 6210 bales were delivered this year. 502 packages were sold in the same period last year.

On August 6, NY certified the inventory of 32725 packages, and 0 package to be certified.

On August 7, Pima cotton was sold in the US spot market at 116.00 cents/pound for Grade 2 (fiber 46), 98.00 cents for Grade 3 (fiber 44), and 103.00 cents for Grade 3 (fiber). There were no bales of Pima cotton, and 170 bales of Pima cotton were sold annually.

The USDA announced that the global adjusted price (AWP) from August 3 to August 9 was 61.38 cents.

On August 7, the Cotbook cotton outlook index continued to rise, with the A index rising 155 points to 85.50 cents/lb.

August 7, China Cotton price The CC Index 328 national weighted average price closed at 18346 yuan/ton, up 3 yuan. CC Index 527 closed at 16026 yuan/ton, up 3 yuan, and CC Index 229 closed at 19423 yuan/ton, up 1 yuan.

On August 7, China's import cotton price index (FC Index M) was 89.14 cents, up 0.91 cents.

On August 7, the Dow Jones Industrial Average rose 50.86 points, or 0.39%, to 13168.37; The Nasdaq Composite Index rose 25.95 points, or 0.87%, to 3015.86; The Standard&Poor's 500 stock index rose 7.11 points, or 0.51%, to 1401.34.

On August 7, Nymex crude oil futures rose $1.34 to $93.54 a barrel. Gold futures fell 30 cents to $1615.90 an ounce. New York gold futures closed 0.2% lower at $1612.80.

On August 7, Zhengzhou PTA1301 contract opened at 7700 yuan/ton and closed at 7724 yuan/ton, up 98 yuan/ton or 1.29% from the previous trading day. The trading volume increased to about 1747900 hands, and the position volume decreased by 21532 hands to 623100 hands.

On August 7, Zheng Mian 1301 contract opened at 19250 yuan/ton and closed at 19175 yuan/ton, up 265 yuan/ton or 1.39% from the previous trading day; The trading volume increased to 152900 and the position decreased by 6550 to 281100.