ICE: Cotton Prices Were Low And Low In September 17, 2012

Friday (9.17) ICE Intercontinental Exchange in New York

Closing market fell, October contract at 74.70 cents lower, the highest 75.94 cents, the lowest 74.39 cents, and finally closed at 74.53 cents, down 0.86 cents from the previous paction; the main contract in December opened at 75.40 cents, the highest 76.77 cents in the market, the lowest 75.12 cents, and finally closed at 75.33 cents, compared with the previous trading day fell by 0.57 cents, turnover volume 13255 hand, no open hand hand; the March March contract closed in the cent, compared with the previous trading day fell by cent.

QE3's overexcited mood began to fade and cotton futures suffered a slight setback.

John Flanagan of Flanagan trade said that the market rise caused by QE3 should be short-lived.

As you can see, after the QE3 impact subsided, the US dollar rebounded and the stock market slipped.

Flanagan also expects that demand for China will begin to decrease.

He said the market will probably find the first real support near 70 cents.

Today's ICE Intercontinental Exchange fell 0.8% cotton in December to 75.33 cents / pound.

On Monday, the US stock market fell slightly, and the major stock indexes fell after a record high in recent years.

The Dow has four consecutive days and has hit a new high since December 10, 2007.

Oil prices were hit by rumors.

Last Thursday, the Federal Reserve announced the introduction of the third round of quantitative easing (QE3) to stimulate the weak US employment market.

The move pushed global stock markets, commodities and other riskier assets up. The Dow closed Friday at 13593.37 points, the highest closing point since December 10, 2007, with a weekly gain of 2.2%.

September 17th cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 70.13 cents / pound, the highest annual price 72.59 cents in August 31, 2012; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 74.94 cents / pound.

In September 17th, 11995 cotton bags were sold in the US spot market, and 77751 bags were sold this year, and 26028 bags were sold in the same period.

In September 14th, there were 17244 packages of NY certified stock and 0 packages to be certified.

September 17th American spot market Pima cotton, grade 2 (

46) 118.50 cents / pound, 3 (fiber 44) 100.50 cents, 3 (fiber) 105.50 cents, 0 pack, and annual turnover 2465 packets.

The US Department of Agriculture announced the global adjustment price (AWP) of 64.53 cents on -9 20 September 14th.

In September 17th, the Cotlook cotton Outlook Index rose, and the A index rose 185 points to 84.90 cents / pounds.

In September 17th, China's cotton price index CC Index 328 nationwide weighted average price closed at 18637 yuan / ton, up 0 yuan.

CC Index 527 closed at 16330 yuan / ton, up 1 yuan, and CC Index 229 closed at 19580 yuan / ton, up 1 yuan.

In September 17th, China imported FC Index M (89.67 cent), up 1.47 cents.

In September 17th, Zheng cotton 1301 contract opened at 19610 yuan / ton, closing at 19580 yuan / ton, up 70 yuan / ton compared with the previous trading day, the highest price 19610 yuan / ton, the lowest price 19465 yuan / ton.

Turnover increased to 78334 hands, and positions were reduced by 9904 to 221964.

In September 17th, Zhengzhou PTA1301 contract opened at 8072 yuan / ton, closing at 8044 yuan / ton, up 2 yuan / ton compared with the previous trading day, or 0.02%.

Turnover increased to about 1 million 206 thousand hands, and positions were reduced by 13904 to 681 thousand and 800.

In September 17th, the Dow Jones Industrial Average fell 40.35 points, closing at 13553.02 points, or 0.30%, while the NASDAQ (micro-blog) composite index fell 8.46 points to 3178.67 points, or 0.27%, while the standard & Poor's 500 index fell 4.58 points to 1461.19 points, or 0.31%.

September 17th, Nymex crude oil futures

It fell 2.4% to $96.62 a barrel.

Gold futures fell 0.1% to $1770.60 an ounce.