January 10Th ICE Cotton Review: Selling To Reduce Speculative Buying And Push Up The Market.

Monday (1.10)

The market is waiting for the US Department of agriculture's upcoming January production and supply and demand report. The market is quiet and sales are decreasing. A small speculative buying price will push up the price.

In March, the contract opened at a low price of 140.50 cents, the highest point in the market was 144.60 cents, the lowest point in the session was 140.50 cents, and ended up at 143.25 cents, up 2.65 cents, 11385 hands in volume and 95632 hands in holding positions; in May, the closing price of the contract was 139.18 cents, up 2.67 cents; the 7 contract contract price was 132.11 cents, increasing by 139.18 cents.

Analysts say most market investors are waiting for the USDA's monthly report on cotton supply and demand released on Wednesday (January 12th).

The market will focus on the world.

Changes in supply, especially the supply and demand of India, the world's largest cotton consumer, China and the world's second largest cotton producer.

Today's March contract rose 2.65 cents to 143.25 cents, 1.35 cents from the highest point in the market, 2.75 cents from the lowest point in the session.

Technology foresight, January 11, 2011 March

Random technical indicators fall into overbought areas, indicating that sales may soon dry up.

The closing price is higher than the 9 day moving average, which is a short-term positive signal.

The closing price is higher than the first swing resistance position, forming a positive trend.

The next target is 138.80 cents.

The next resistance range is about 145.30 cents and 147 cents, while the first supporting position is today's 141.20 cents and 138.80 cents below.

January 10th

SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 136.57 cents / pound, the highest price in December 21, 2010 is 152.76 cents; the lowest price in August 2, 2010 is 80.18 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 140.50 cents / pound.

In January 10th, 4361 cotton bags were sold in the spot market, and 386523 bags were sold this year, compared with 551752 packages in the same period last year.

The total inventory of NY certification in January 7th is 115094 packages, and 3863 bags are to be certified.

January 17th - 13 January global adjustment price (AWP) 154.87 cents / pound.

In January 10th, the Cotlook cotton Outlook Index fell, and the Far East A index fell 75 points, to 169.25 cents / pound.

The A index fell 75 points this week.

In January 10th, the China cotton exchange contract of CF1109 was closed at 28405 yuan / ton, down 150 yuan / ton.

Index CC Index 328 National weighted average price of 27648 yuan / ton, down 2 yuan.

CC Index 527 closed at 25648 yuan / ton, down 1 yuan, and CC Index 229 closed at 28572 yuan / ton, up 1 yuan.

The government of India will reopen cotton export opportunities from January 11th. The government will allocate 2 million 500 thousand bales of cotton to dealers.

The General Administration of foreign trade asked for the re registration of the remaining 2 million 500 thousand packages in the 5 million 500 thousand package export quota.

The re registration ended in January 6th.

Commerce Minister Rahul Khullar said that the allocation would be completed on Monday.

Dealers can start exporting after submitting the necessary documents.

A ministerial group approved the export of 5 million 500 thousand bales of cotton in 2010-11. However, due to the occurrence of anti seasonal precipitation, the arrival time of the spot market was delayed, so the exporters failed to complete the export of the full quota at the prescribed time.

India's commerce minister, Rahul Khullar, said the government would probably

The export line was raised on the basis of 5 million 500 thousand packages (170 kg / pack) determined in September.

The Cotton Advisory Committee revised the cotton production forecast to 32 million 900 thousand bales (170 kg / pack) this week, higher than its forecast of 32 million 500 thousand packages in August, but the forecast quantity may still be low, because the interest of the Advisory Committee is not in the aspect of cotton exports.

Therefore, the Advisory Committee intends to underestimate cotton production.

The output could be between 3400-3500 packages.

If the output reaches 3400-3500 bales, the export volume may exceed 5 million 500 thousand packages.

The government will decide in January 14th whether to expand the volume of cotton exports.

The US stock market closed differently on Monday.

The European sovereign debt crisis has again become a major concern of the market.

The Dow Jones Industrial Average fell 37.31 points to 11637.45 points, or 0.32%, while the Nasdaq composite index rose 4.63 points to 2707.80 points, or 0.17%, while the standard & Poor's 500 index fell 1.75 points to 1269.75 points, or 0.14%.

The European debt crisis continues to deteriorate, and Portugal is under pressure to seek assistance, according to media reports this weekend.

Greece and Ireland made requests for financial assistance to international agencies last year.

The market is worried that Portugal and Spain will be the next target.

New York crude futures rose 1.4% to $89.25 a barrel.

Gold futures rose 5.20 US dollars to settle at US $1374.10 an ounce.

The US dollar has risen sharply in Europe during the intensive debt issuance period. Analysts pointed out that those highly indebted countries in the euro area will usher in a period of intensive debt issuance, and the market is still worried about the financing prospects of these countries. This sentiment has raised the US dollar to most currencies.