September 10, 2012 ICE: China Starts Cotton Purchase And Storage Plan New York Cotton Market Weakness

Monday (9.10) ICE Intercontinental Exchange in New York

In October, the contract opened at a low price of 75.74 cents. The highest price was 75.93 cents, the lowest 74.98 cents, ending at 74.98 cents, which was 0.74 cents lower than the previous trading day. The main contract in December was opened at 76.18 cents, the highest 76.60 cents in the market, the lowest 75.23 cents, and finally closed at 75.63 cents, down by 0.67 cents compared with the previous trading day.

The market expects us department of agriculture to release the September supply and demand report. Cotton futures shrink on the eve of the report.

Traders say there is still a lot of uncertainty about China's reserve plan, which puts pressure on the market.

Gary Rains, INTL FCStone, said: "we doubt that China's auction and takeover, and China's reserve supply, may have a greater impact on the world and US prices, exceeding the market expectations of the recent moderate adjustments in us supply and demand data to the market.

Today's ICE Intercontinental Exchange fell 0.9% in December to 75.63 cents / pound.

China's national cotton reserve company launched its annual reserve plan on Monday, the purchase price of 204000 yuan / ton, aimed at stabilizing domestic cotton supply.

On Monday, the US stock market fell and the market fell after a record high last week.

The Federal Open Market Committee is expected to issue a new round of purchases of treasury bonds after three days.

Most analysts doubt whether the Fed's decision making body headed by Federal Reserve Chairman Bernanke needs to launch the third round of easing policy, but believe that the market has generally agreed that this will happen.

China's industrial output, fixed asset investment and wholesale price data released on Sunday were weak, while data released on Monday showed that the decline in exports led to the expansion of the trade surplus in August.

The data prompted the market to expect more stimulus in China, and the Asian market rose on Monday.

September 10th cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 71.06 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 75.86 cents / pound.

In September 10th, 2485 cotton bags were sold in the US spot market, and 58438 bags were sold this year, and 20004 bags were sold in the same period.

In September 7th, there were 18963 packages of NY certified stock and 0 packages to be certified.

September 10th 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 07 global adjustment price (AWP) of 65.82 cents on -9 13 September.

In September 10th, the Cotlook cotton outlook index rebounded and the A index rose 25 points to 85.85 cents / pound.

In September 10th, China's cotton price index CC Index 328 nationwide weighted average price closed at 18635 yuan / ton, up 4 yuan.

CC Index 527 closed at 16322 yuan / ton, up 2 yuan, and CC Index 229 closed at 19577 yuan / ton, up 1 yuan.

In September 10th, China imported FC Index M (89.24 cent), up 0.07 cents.

In September 10th, Zheng cotton 1301 contract opened at 19615 yuan / ton, closing at 19625 yuan / ton, up 30 yuan / ton compared with the previous trading day, the highest price 19660 yuan / ton, the lowest price 19605 yuan / ton.

Trading volume decreased slightly to 64146 hands, and positions decreased by 1968 to 243942.

In September 10th, Zhengzhou PTA1301 contract opened at 7544 yuan / ton, closing at 7628 yuan / ton, up 150 yuan / ton compared with the previous trading day, or 2.01%.

Turnover dropped to about 1 million 575 thousand and 200 hands, and positions increased by 91174 to 779 thousand and 900.

In September 10th, the Dow Jones Industrial Average fell 52.35 points, closing at 13254.29 points, or 0.39%, while the NASDAQ (micro-blog) composite index fell 32.40 points to 3104.02 points, or 1.03%, while the standard & Poor's 500 index fell 8.83 points to 1429.09 points, or 0.61%.

In September 10th, Nymex crude oil (96.26, -0.28, -0.29%) futures rose 0.1%, closing at $96.54 a barrel.

Gold (1729.50, -2.30, -0.13%)

Prices fell by 0.5% to $1731.80 an ounce.