ICE Commented In November 17Th: Cotton Futures Closed At A Mixed Rate Of &Nbsp, And The Market Was Concerned About China'S Demand.
ICE cotton 16 days
Closing quotation
The market is waiting for the 17 US Department of agriculture's export sales report to confirm China's demand.
Comprehensive media reported on November 16th, Intercontinental Exchange (ICE) cotton futures closed 16
Ups and downs
Cash in hand and light trading, analysts say, because market participants are waiting for government sales reports to confirm whether the largest consumer country is buying more.
cotton
。
The ICE index rose by 0.84 cents in December to 1.035 dollars / pound, with a trading range of 1.0207 dollars / pound to 1.0436 dollars / pound.
The most active ICE in March cotton fell 0.14 cents to 1.0048 U.S. dollars / pound, within the range of 0.9845 U.S. dollars / pound to 1.0088 U.S. dollars / pound.
Thomson Reuters preliminary data show that the total volume of 16 days is close to 19500 hands, less than 30 days mean less than 3%.
The December cotton contract was traded at a high level of $1.0505 / pound in October to a low level of $0.9596 / lb in November.
Analysts say market participants will be on the lifting of the first delivery notice next week (November 26th week).
The market pays attention to the weekly export sales report issued by the US Department of agriculture (USDA) on 17 th to determine whether China is the main cotton buyer.
In last week's (November 12th week) report, the US Department of Agriculture said China bought 996 thousand and 100 cotton for export packages.
ICE data show that as of November 15th, cotton futures were not open for 143259 contracts, with 146914 hands on the previous day.
ICE data also showed that the 15 day turnover was 57321 hands, the highest in February 18th.
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