[ribbon webex] 13 ICE cotton futures closed higher, because of bernanke hinted that launched the possibility of more stimulus measures to defuse the people concern about the global economic malaise, cotton from nine month lows.ICE12 on cotton futures rose 4.07 cents, or 3.90%, to $1.0846 a pound.
14, zheng cotton 1201 contracts high low.High in 21915, the highest 21915, the lowest 21980, 21505, compared with the previous trading day down 190 points (0.88%).Cotton index position increased 17218 hand positions, volume of more than 1.18 million hands.
On July 14, on the spot market, China cotton prices index (328) to 22387 yuan/ton, down 188 yuan/ton.On July 13, imported cotton prices index (FCIndexS) for 148 cents/pound, down 3.43 cents;Discount 1% duty 24329 yuan/ton, down 559 yuan;Folding sliding tax 24734 yuan/ton, down 554 yuan.
According to the U.S. department of agriculture released the latest crop acreage report in July, 2011/12 global cotton production 26.815 million tons, more than increase 133000 tons last month, mainly the way the United States, 218000 tons, 3.484 million tons;China, India and Pakistan cotton production do not make adjustments.Global consumption of 25.419 million tons, is expected to scale down 25.419 million tons, is the main way of consumption in China and India.Therefore, output slightly bigger than the consumption for the next year, the final inventory of 11.104 million tons, 599000 tons.The usda lowered the new annual global consumption, improves the global inventories, new annual global cotton supply and demand is expected to get better.Expected to cotton prices will continue to fall.
From the disk performance, 14, zheng cotton affected by American cotton rose high, price swings down after opening, the lowest 21460, near noon in intraday lows, increase their holdings.14 cotton high low open, above the line down by 5, continue to fall, as a whole, cotton in the down channel has not changed for a long time, especially after yesterday's choose break down.Short current operational Suggestions can continue to hold.
The above views are for reference only, not as a market participant in the market transaction basis.Futures have risk, investment should be cautious.