ICE Cotton Review April 7Th: A Slight Increase In Calm
On Tuesday (4.07) ICE, the cotton futures market of the US futures exchange rose slightly, closing prices close to the central level of today's trading range, and the paction is quite calm today.
May cotton rose 5 points, 47.08 cents per pound, July contract rose 5 points, 47.91 cents per pound, December contract rose 12 points, 52.49 pounds per pound.
Today's cotton market has opened slightly, and the early trading has been lingering in the middle of the trading area. The May contract Rose 14 points to 47.17 cents. Analysts say cotton is trying to find a way out of cereal futures. But in the early morning, the main peripheral markets were weak, crude oil and stock index futures prices fell, and the US dollar was strong, which inhibited cotton from doing more energy.
Overnight news, the Dow Jones newswires reported that China's cotton industry would hardly be able to obtain additional import quotas before sending trade delegations to the United States later this month. World demand is decreasing and China's domestic stocks are abundant, which may lead to the Chinese government no longer issuing additional import quotas.
Precipitation in the southeastern United States is hampered by cotton cultivation. Tuesday is the first day of Goldman Sachs exhibition, where options trading is calm, rollover and rolling trading dominate the market.
By the end of April 3rd, speculation and hedging reports showed that speculators reduced ICE cotton positions to 5115 hands to 51860 hands.
Speculators also added 1105 more hands to headquarters at 52087. Therefore, speculators ICE cotton net long position reached 0.2%, compared to last week, the net short rate of 4.2%.
交易所報(bào)告，4月6日ICE 每天棉花庫存 217,013 包，待登記庫存 2,532 包。交易所報(bào)告，期棉成交量大約 17,760 手，期權(quán)交易大約3,568 手。
Closing price range 05 months 47.08 0.05 47.65-46.55 07 months 47.91 0.05 48.48-47.40 December 52.49 0.12 52.96-51.97
Editor in chief: Xu Qiyun
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