Cotton Review: January 2Nd ICE: New Year At The Beginning Of The Start Of The United States Cotton

< p > (Wednesday) (1.2) cotton futures of New York ICE Intercontinental Exchange traded higher and higher. The most active 13 years March contract opened at 75.75 cents, the highest 76.95 cents in the market, the lowest 74.91 cents, and finally closed at 75.36 cents, up 0.22 cents from the previous trading day, 8597 hands in volume, 124321 hands in the open position.

13 years in May, the contract opened at 76.45 cents, the highest 77.36 cents, the lowest 75.78 cents, and finally closed at 76.23 cents, up 0.37 cents from the previous trading day, with 1902 hands in turnover and 23908 hands in open positions.

13 years in July, the contract opened at 77.33 cents, the highest 78 cents, the lowest 76.80 cents, and finally closed at 77.31 cents, up 0.44 cents from the previous trading day, with 889 hands in turnover and 14933 hands in open positions.

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< p > cotton market continues to strengthen, because investor sentiment improved after the US Congress passed the financial cliff agreement.

Chris, of INTL FCStone, said that the direction of risk of assets flowing today is possible.

However, he added that the major event on the market horizon is not the US budget negotiations currently under way, but the policies of China, the largest consumer country.

He said: "we expect that the Chinese Lunar New Year, that is, February, will announce some big policies."

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Wednesday, 2013, is the first trading day of the US stock market in 2013. The US stock market has gone higher and higher, and the final strength has finally been substantially higher. The Dow has welcomed the best performance since 2009.

The market welcomes the passage of the fiscal cliff agreement that the US Congress has passed at the last minute to avoid a significant reduction in taxes and increase taxes, and is considering the future budget measures of the Congress.

After 11 p.m. on Tuesday night, the house of Representatives voted to pass a bipartisan agreement on Tuesday night, agreeing to raise the rate of 1% to 2% of the wealthiest Americans and maintain the majority of Americans' tax rates.

If the agreement has not been passed, a total tax increase of more than $600 billion will reduce the US economy to a recession.

The agreement raised the tax rate, but bypassed the reduction of expenditure to solve the problem of the US fiscal deficit.

In February, the two parties will also struggle around the $164 trillion debt ceiling problem.

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< p > January 2nd American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 71.08 cents / pound, annual highest price 72.97 cents October 17, 2012; annual lowest price November 8, 2012 65.11 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 75.81 cents / pound.

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< p > January 2nd the US spot market traded 15444 cotton bags, and this year handled 1012845 bags.

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< p > January 2nd the American spot market Pima cotton, grade 2 (fiber 46) 120 cents / pound, 3 grade (fiber 44) 102 cents, 3 grade (fiber) 107 cents, clinch a 0 pack, annual turnover 3773 3773 pack.

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< p > the US Department of Agriculture announced the global adjustment price (AWP) 63.85 cents on December 28th 03 -1.

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< p > January 2nd, Cotlook cotton Outlook Index rose, A index rose 40 points, at 83.35 cents / pound.

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< p > December 31st, China's cotton price index CC Index 328 national average weighted average price closed at 19201 yuan / ton, up 8 yuan.

CC Index 27 closed at 16839 yuan / ton, up 6 yuan, and CC Index 229 closed at 19981 yuan / ton, up 3 yuan.

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< p > December 31st, China imported FC cotton price index (Index M) 85.41 cents, down 0.88 cents.

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< p > December 31st, 31, zhengmian 1305 contract opened at a low level, closed a medium Yin K line, opened at 19010 yuan / ton, closing at 18950 yuan / ton, compared with the previous trading day fell 150 yuan / ton, the highest price 19075 yuan / ton, the lowest price 18870 yuan / ton.

Trading volume decreased slightly to 88234 hands, and positions increased by 1788 to 188884.

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< p > December 31st, the Zhengzhou PTA1305 contract opened at 8430 yuan / ton, closing at 8562 yuan / ton, up 142 yuan / ton compared with the previous trading day, or 1.69%.

Turnover increased to about 820 thousand and 800 hands, and positions were reduced by 19156 to 426 thousand and 900.

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In January 2nd P, the Dow Jones industrial average rose 308.41 points to 13412.55 points, or 2.35%, while the NASDAQ [micro-blog] composite index rose 92.75 points to 3112.26 points, or 3.07%, while the standard & Poor's 500 index rose 36.23 points to 1462.42 points, or 2.54%.

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In January 2nd P, gold futures in the New York Mercantile Exchange rose 13 US dollars to 1688.80 US dollars per ounce.

Crude oil futures rose 1.30 U.S. dollars to close at $93.12 a barrel.

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