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India Exports Cotton Exports To Promote ICE&Nbsp; &Nbsp; &Nbsp; Fall Unexpectedly.

2010/9/27 13:01:00 68

Export Of Cotton Exports


 


  

Thursday (9.24) New York ICE Intercontinental Exchange cotton futures fell, there is news that India plans to ban cotton exports completely, after India asked for cotton.

Exit

The time is delayed for two weeks.


October 2010 contract opening price of 100.40 cents, intraday concussion interval of 100.40 -97.52 cents, closing price of 97.77 cents, down -2.60 cents, turnover 56 hands, the last day settlement price 100.37 cents, empty volume 214 hands.


The most active December 2010 contract opened at 99.62 cents, with an intraday concussion interval of 99.71 -96.82 cents, closing price of 97.17 cents, or -2.45 cents, turnover of 16732 hands, settlement price of 99.62 cents on the previous day, 146090 hands empty.


2011 03 month contract opening price 99.12 cents, intraday concussion interval 99.15 -96.05 cents, closing price 96.38 cents, down -2.74 cents, turnover 4631 hands, the last day settlement price 99.12 cents, empty volume 60148 hand.


India is the world's leading city.

cotton

Production countries, worried about India's ban on cotton exports, rose earlier this week in the cotton market.

Asian weather is bad and cotton picking time is delayed, forcing the global textile mills to buy cotton at a higher price.

First, the Capito group said that the news of India's complete ban on cotton exports may indicate that the recent rally is coming to an end, as the main reason is that

Shortage of cotton

Anxiety eased.


The US Department of Agriculture reported that on September 10, 2010 -16, the net sales of 505100 cotton bags were 11% less than that of last week, but increased by 46% compared with the average weekly sales volume.

The export of 112900 tons of upland cotton increased by 24% compared with last week, but the average export volume decreased by 39% compared with that of last week.

The United States Pima cotton net sales of 16300 packs, 10% less than last week, but the average sales volume increased by 22% over the four weeks.

Pima cotton exports 300 bales.


Exchange data show that in September 21st, ICE cotton certification stock of 16476 packages, in September 22nd, 16476 copies of certified inventory, 200 stocks to be certified.


The US stock market closed down on Thursday.

Poor economic data from Europe and the United States make investors worry again about the prospects for global economic growth.


The Dow Jones Industrial Average fell 76.82 points to 10662.49, or 0.72%, while the Nasdaq composite index fell 7.47 points to 2327.08 points, or 0.32%, while the standard & Poor's 500 index fell 9.45 points to 1124.83 points, or 0.83%.


Investors welcomed a lot of economic data on Thursday.

The US Labor Department announced that the number of first jobless claims increased by 12 thousand to 465 thousand in the week ending September 18th.

As of September 11th, the number of initial jobless claims was revised to 453 thousand from the original 450 thousand.


European stock markets fell on Thursday.

New York gold futures closed at $1296.3 an ounce, a record high, and crude futures prices rose 0.6% to $75.18 a barrel.


September 23rd ICE US cotton futures closing {page_break}




    
        
            
            

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Read the next article

Weekly: USDA&Nbsp; US Cotton Export Sales Situation

The net sales of 505100 cotton bags decreased by 11% compared with last week, but increased by 46% compared with the average weekly sales. The increase in the number of buyers of the report includes China (187800 packages, including 500 packages of cotton pferred from South Korea and a reduction of 3000 packages), Turkey (168900 packages), Mexico (52100 pack), Pakistan (34800 pack), Indonesia (13300 packages, including 700 packets of cotton pferred from Japan).