Cotton Futures Rose, Expected To Reach A Trade Agreement Between China And The United States.
The ICE cotton futures contract rose on Wednesday as investors expected to buy Cotton in anticipation of a trade agreement between China and the US.
The most active March cotton contract rose 0.39 cents, or 0.53%, at 73.52 cents a pound, and the trading range was 72.98-74.28 cents.
JackScoville, vice president of PriceFuturesGroup, said: "today's optimism about Sino US trade negotiations is not yesterday, which is enough to drive up the price of cotton."
"Some of the panic we saw yesterday had dissipated and some people who might have sold cotton on Tuesday began buying today," he added.
Hasit, chairman of the White House Economic Advisory Committee (KevinHassett), said on Wednesday that he believed the US and China could reach a trade agreement before the deadline for March 1st.
The US Department of agriculture (USDA) continues to postpone several important us and global crop reports and weekly export sales figures.
Data released by the General Administration of Customs on Wednesday showed that China's cotton import volume in 2018 was 1 million 570 thousand tons, an increase of 36.2% over the previous year.
The total volume of futures market decreased by 6723 to 20358.
Data show that the previous trading day reduced by 2426 hands, a total of 230808 hands.
By the end of January 22, 2019, the number of cotton futures contracts for the 2 phase ICE delivery could be reduced to 121703 packages, with a 123799 pack on the previous day.
- Related reading
The Total Retail Sales In China Increased By 9%, And Clothing Products Increased By 22%.
|
Wechat's "Cover Face" Expression Was Used On Clothing. Two Businesses Were Prosecuted By Tencent.
|
Beijing Consumers Association Released A Comparative Report On Children's Clothing Report 7 Did Not Meet The Standard Requirements.
|
- Recommended topics | The New Trend Of National Brand: Red Bean, The Night Of Fashion Release, Is Shining.
- Fashion shoes | CONVERSE Chuck 70 Hi Shoes 2019 "Four Palace" Color Series Debut.
- Shoe Express | ASICS X Ronnie Fieg New Joint Gel Fieg 3.1 Shoes Release
- Fashion Bulletin | Arthur X GORE-TEX Joint GEL-KAYANO 5 Shoes For The First Time Exposure
- Visual gluttonous | Adidas New "SOLAR RED" PACK Series Retro Shoes Release, Five Color Matching For You To Choose.
- Shoe Express | Shoe Pink And Blue And Sweet Color Matching, Specially Designed For Vegetarians.
- Shoe Market | Yeezy 350 Boost V2 Shoes New "YEEZREEL" Color Exposure, Reflective + Noctilucent
- Chongqing | "2019 Changan CS75 PLUS" China Chongqing International Fashion Week Opens.
- Show show | 7 Fashion Trends Of 2020 Spring Women'S Wear In New York Fashion Week
- Popular color | 10 Fashion Trends Of Women'S Clothing In Autumn And Winter 2019
- The Total Retail Sales In China Increased By 9%, And Clothing Products Increased By 22%.
- Dai County Convened To Assist Poor Counties To Pick Up Hundreds Of Textile Experts.
- In 2019, The Sales Of Children'S Clothing In China Will Reach 175 Billion Yuan.
- Just Advancing To The 3 Billion Club, Wicknus Issued Convertible Bonds To Raise 746 Million Yuan.
- China Light Textile City: Near The End Of The Year, The Turnover Of Polyester And Cotton Fabrics Is Declining.
- China Light Textile City: January 24Th T/R Price List
- Wechat's "Cover Face" Expression Was Used On Clothing. Two Businesses Were Prosecuted By Tencent.
- Beijing Consumers Association Released A Comparative Report On Children's Clothing Report 7 Did Not Meet The Standard Requirements.
- Viscose Staple Fiber Index Was 103.37 In January 23Rd.
- Raw Silk (Domestic Commodity Inspection) Commodity Index Was 113.53 In January 23Rd.