Cotton Market Is Heating Up In "Severe Winter"
In December 8th, U.S.A The president elect Obama The interpretation of the $500 billion rescue plan has boosted market confidence to a certain extent. U.S.A The stock market rose all the way. dollar Exchange rate fell sharply and commodity futures rose all the way.
With the support of the external market, ICE cotton Futures emerged in a large number of speculative buying, and after the price of the contract closed, they closed at a price close to the limit.
Analysts believe that ICE futures will continue to follow the external market linkage, but the bottom characteristics of the 40 cents are more obvious, and will be consolidated at 40 cents in the near future.
Statistics: the opening price of the contract in March was 41.99 (cents / pound, the same below), the highest price was 44.37, the lowest price was 41.99, the settlement price was 44.34, up 297 points, on the same day, the registered stock was 906207 packets, reduced 2571 packages, 1584 packages were tested, 9629 turnover.
Spot price: December 8th, international cotton Index (SM) 59.03, down 178 points, discount general trade port delivery price 12289 yuan / ton (calculated according to sliding tax, exchange rate according to Bank of China's middle price), international cotton index (M) 57.97, down 134 points, discount general trade port delivery price 12211 yuan / ton.
Overnight New York cotton Futures rose sharply, and the March contract closed at 44.34 cents, up 297 points. According to relevant state departments, in order to further safeguard the interests of cotton farmers and stabilize the cotton market, the State Council has approved plans to increase the storage capacity of 1 million 500 thousand tons of new cotton by relevant departments.
According to the instructions of the relevant departments of the state, from December 8, 2008 to December 12th, the cotton enterprises involved in the sale of national reserve cotton should not cross the province to choose the storage point of the library, and the contract for cross provincial sale will be dealt with according to the invalid paction.
周一郑棉、撮合大幅上涨。郑棉减仓14168手，主力多头持仓31602手，减3577手；主力空头持仓25633手，增349手。撮合总订货量为63800吨，减580吨。12月8日，国家棉花价格A指数11342元，涨5元，B指数10736元，涨14元。
Overnight, stimulated by the external market. New York cotton Futures rebounded sharply, and the recent volatility increased. Yesterday, the domestic market was sharply increased by short back, and the main contract of zhengmian stopped. New 1 million 500 thousand tons of reserves approved by the State Council, will greatly enhance market confidence, short-term is expected to continue to rebound, continue to buy bargain.
Responsibility: vivi
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