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ICE Two Cotton Futures Intraday Oscillation Intensified

2009/4/6 0:00:00 43

In April 2nd, affected by the decline in the US dollar index and the rise of the US stock market, ICE cotton futures were supported by speculative buying.

In addition, last week's shipments of us and cotton shipments hit a record high this year, and the market is delighted.

However, with the profit taking by speculators, the selling pressure of the market is increasing. Finally, the settlement price of ICE futures is flat with the day before yesterday.

At present, the G20 financial summit held in London has attracted the attention of all sectors. Insiders believe that the meeting will re open the door of hope for the market.

Statistics: the opening price of the contract in May was 46.20 (cents / pound, the same below), the highest price was 46.94, the lowest price was 45.92, and the settlement price was 46.15. There was no change. On the same day, the registered stock was 218425 packs, reducing 2014 packages, 0 packages to be tested, 16072 hands in turnover.

Spot price: in April 2nd, the international cotton index (SM) 58.49, down 19 points, folded the general trade port delivery price 12239 yuan / ton (calculated according to the sliding tax, the exchange rate was calculated according to the Bank of China's middle price), the international cotton index (M) 56.47, fell 13 points, folded the general trade port delivery price 12083 yuan / ton.

Editor in chief: Xu Qiyun

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