Cotton Prices Continue To Go Strong In ICE Cotton Review In February 20, 2013

< p > Wednesday (2.20) New York ICE Intercontinental Exchange < a href= "//www.sjfzxm.com" > cotton < /a > futures opened lower and higher. In March, the contract opened at 82.10 cents, the highest 83.25 cents in the market, the lowest 81.88 cents, and finally closed at 82.28 cents, up 0.10 cents from the previous trading day, 11187 hands in turnover, 12314 hands in the open position.

The most active 13 years May contract opened at 83.96 cents, the highest 85.24 cents, the lowest 83.96 cents, and finally closed at 84.46 cents, 0.33 cents higher than the previous trading day, 24748 hands in turnover, 133519 hands in open positions.

13 years in July, the contract opened at 84.85 cents, the highest 85.95 cents in the market, the lowest 84.83 cents, and finally closed at 85.42 cents, up 0.47 cents from the previous trading day, with 3692 hands in turnover and 32447 hands in open positions.

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< p > because the new speculators and consumers purchase, the cotton continues to strengthen.

China will return to the market after the lunar new year, so there will be new demand in China, which will make the market stronger.

Short pointed out that the certification inventory increased the bad market, the demand for more than half pointed out that the economic data is generally positive, the United States cotton planting area decreased this year, therefore, there is reason to purchase cotton.

At present, crop prices are very low. Therefore, what will be planted in Dezhou, Delta and southeastern regions this year will be a problem.

Because prices are lower than competitive crops, some people suspect that the planting area of the United States may decrease this year.

Reduced cotton fields are likely to grow soybeans and corn.

ICE certified cotton inventories are now 288 thousand bales, and yesterday's inventory was 258 thousand bales.

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< p > February 20th American cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 78.01 cents / pound, annual highest price 78.01 cents February 20, 2013; annual lowest price November 8, 2012 65.11 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 82.53 cents / pound.

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< p > February 20th the US spot market traded 18717 cotton bags, and this year handled 1469485 bags.

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< p > February 20th the American spot market Pima cotton, grade 2 (fiber 46) 123 cents / pound, 3 grade (fiber 44) 105 cents, 3 grade (fiber) 110 cents, clinch a 0 pack, annual turnover 4868 4868 pack.

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< p > the US Department of Agriculture announced the global adjustment price (AWP) 68.81 cents on February 15th 21 -2.

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< p > February 20th Cotlook cotton Outlook Index rose 90 points, A index no rise or fall, reported at 90.70 cents / pound.

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< p > February 20th, China's cotton price index CC Index 328 national average weighted average price closed at 19288 yuan / ton, up 3 yuan.

CC Index 27 closed at 16924 yuan / ton, up 2 yuan, and CC Index 229 closed at 20040 yuan / ton, up 2 yuan.

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< p > February 20th, China imported FC cotton price index (Index M) 91.93 cents, up 0.35 cents.

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< p > February 20th, < a href= "//www.sjfzxm.com/news/index_c.asp" > ZHENG Mian < /a > 1309 contracts sharply after the sharp rise, opened at 20080 yuan / ton, closing at 19960 yuan / ton, compared with the previous trading day fell 65 yuan / ton, the highest price 20195 yuan / ton, the lowest price 19955 yuan / ton.

Volume decreased significantly, and positions decreased by 3798 to 166828 hands.

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< p > February 20th, the Zhengzhou PTA1309 contract opened at 8822 yuan / ton, closing at 8728 yuan / ton, down 104 yuan / ton compared with the previous trading day, or 1.18%.

Turnover increased to about 551 thousand and 600 hands, holdings increased by 11796 to 216 thousand and 300 hands, and 1301 contracts reduced from 10752 to 225 thousand and 300.

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In P, February 20th, the US stock market fell, the S & P 500 index suffered the biggest daily decline since February 4th, and the Dow fell below the 14000 point mark.

Investors are weighing up the Fed's views on the central bank's plan to buy assets.

The Federal Open Market Committee (FOMC) announced the minutes of the January Conference on interest.

The minutes show that some members of the Fed expressed concern about the plan to buy $85 billion each month.

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In February 20th P, the Dow Jones Industrial Average fell 108.13 points to 13927.54 points, or 0.77%, while the NASDAQ [micro-blog] composite index fell 49.18 points to 3164.41 points, or 1.53%, while the standard & Poor's 500 index dropped 18.99 points, or 1511.95 points, or 1.24%.

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< p > February 20th, the New York Mercantile Exchange gold (1568.10, -9.90, -0.63%) futures price fell 26.20 US dollars to close at $1578 an ounce.

The crude oil delivered in April (94.71, -0.51, -0.54%) < a href= "//www.sjfzxm.com/news/index_s.asp" > futures < /a > prices fell 1.88 US dollars to close at 95.22 US dollars per barrel.

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