New York ICE Yesterday Cotton Comment: Ping Kai Gao Go &Nbsp; Near Rise And Fall

Wednesday (4.11) New York ICE Intercontinental Exchange cotton futures opened at a high level, closing close to a long jump. The May contract closed at 89.73 cents, the highest 92.62 cents in the market, the lowest 89.70 cents, and finally closed at 91.38 cents, up 1.65 cents from the previous trading day, 26208 hands in turnover, 47116 hands in the open stock market, and 88.30 cents in July, a slight increase of 0.04 cents over the previous trading day, while October contracts closed at 87.92 cents, down by 47116 cents from the previous trading day.

Market analysts pointed out that as the ICE Intercontinental Exchange May cotton contract first notice day approaching, the market mainly to carry out warehouse pactions.

The US Department of agriculture's latest supply and demand report is empty, global production is reduced by 109 thousand and 700 tons, of which India has been cut by 109 thousand tons, and consumption has been reduced by 213 thousand and 200 tons, of which China has reduced 218 thousand tons.

China's import and export volume is 4 million 463 thousand and 400 tons, increasing by 435 thousand and 500 tons.

Global and Chinese stocks increased at the end of the year. China's stock was 5 million 24 thousand and 700 tons, increasing by 653 thousand and 200 tons, and China's inventory accounted for 34% of the global stock.

At present, market investors are waiting for us cotton export weekly weekly to observe the recent cotton demand in the US.

According to India

The US stock market closed up on Wednesday, and the market rebounded after five consecutive days.

In terms of economic data, the US Labor Department announced that US import prices in March were higher than expected.

Import prices increased by 1.3% in March.

In April 11th, the US cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 84.38 cents / pound, the highest annual price 110.14 cents in September 14, 2011; the lowest price in March 15, 2012 80.67 cents; 1 3/32" cotton (color 31, leaf cuttings 3).

In April, 11 of the US spot market traded 753 cotton bags, and this year handled 821148 packages.

579416 bags were sold on the same day last year.

The total inventory of NY certification in April 10th is 102888 packages, and 8063 bags are to be certified.

In April, 11 American spot market Pima cotton traded 0 packages, the annual turnover of 40092 packets.

The US Department of Agriculture announced the global adjustment price (AWP) of 80.71 cents on -4 12 April 6th.

In April 11th, the Cotlook cotton Outlook Index fell, and the A index fell 95 points, to 98.50 cents / pound.

In April 11th, China's cotton price index CC Index 328 nationwide weighted average price closed at 19417 yuan / ton, down 6 yuan.

CC Index 527 closed at 16860 yuan / ton, down 6 yuan, and CC Index 229 closed at 20795 yuan / ton, down 7 yuan.

In April 11th, China's cotton import price index (FC Index M) was 101.16 cents, down 1.27 cents.

In April 11th, Zheng cotton pointed to a small drop of 28 points to 21284, the total turnover to 186 thousand hands, the total position increased 100 to 488 thousand hands.

The main force fell 1209 to 40 to 21350, trading 145 thousand hands, holding 1784 to 338 thousand hands.

In April 11th, China's PTA (8550, -48.00, -0.56%) opened at a low level and remained weak during the day.

The main force 1209 opened in 8536, the highest 8574 in the day, the lowest 8520, ending in the 8550, compared with the previous day average price fell 48 yuan / ton.

430432 hands traded during the day, holding 1716 to 400270.

In April 11th, the Dow Jones industrial average rose 89.46 points to 12805.39 points, or 0.70%, and the Nasdaq composite index rose 25.24 points to 3016.46 points, or 0.84%, while the standard & Poor's 500 index rose 10.12 points to 1368.71 points, or 0.74%.

On April 11th, the New York Mercantile Exchange's gold futures (1660.20, -0.10, -0.00%) futures fell 40 cents to 1660.30 dollars per ounce in June.

Crude oil deliveries in May (102.58, -0.12, -0.12%) futures rose 1.7%, closing at $102.70 a barrel.