ICE Cotton Closed Down On 21 Th

ICE cotton futures closed down on the 21 day, due to global macro Economics The prospects are low. Investment People are worried about the demand for cotton and the risk of selling.

Comprehensive media reported on November 21st, ICE cotton 21 closed down, once in touch with the limit. transaction Traders believe that because the market is worried about the European debt problem, and the US budget deadlock has highlighted the global recession or the damage to cotton demand, large investors have cleared their positions and sought refuge.

Cotton futures in ICE12 fell 4 cents on the 21 th, closing at 90.81 cents / pound, the highest point in the session was 95.78 cents / pound.

At present, the most active ICE3 month cotton contract has dropped 2.86 cents, at 90.41 cents / pound, with an interval of 90.16 cents / pound -93.71 cents / pound.

Global cotton inventories fell 21 days, mainly due to the market's worries about the debt situation in Europe and the United States.

Preliminary data show that the total turnover of cotton at 21 dates is about 29400 hands, higher than the 30 day mean one third.

The exchange data show that as of November 18th, cotton futures were not open for 138160 contracts.

ICE data showed that cotton turnover was 27495 hands on 18 November.