纺织网首页 | 搜索 | 产品 | 企业 | 供应 | 求购 | 人才 | 论坛
会员登录  免费注册  新闻订阅  我要投稿
纺织资讯
您的位置:首页 > 信息中心首页 > 正文
【收藏到商务室】

ICE Cotton Futures Up Daily Limit


http://www.texnet.com.cn  2011-01-24 09:16:16  来源:Business Recorder 收藏
华兴纱管
US cotton futures rallied the 4-cent daily limit on Friday on fund and speculative buying sparked by an overnight surge in Chinese cotton values, analysts said. The key March cotton contract on ICE Futures US rose the 4-cent limit to trade at $1.5694 per lb at 10 am EST (1500 GMT), with the session low at $1.5372. In China's Zhengzhou Commodity Exchange, the May cotton futures contract was last done at 30,510 yuan per tonne, up 1,085 yuan on the day.

"The Chinese market was extremely strong overnight," Mike Stevens, an independent cotton analyst in Mandeville, Louisiana, said when asked about the reason for the surge in US cotton values. US cotton futures are now close to taking out the all-time record of $1.5912 set on December 21, 2010. Cotton is apparently extending a historic rally that began in July in reaction to tight supplies, strong mill demand and fund buying for a commodity that investors had felt was undervalued.

Traders said that, with most of the US 2010/11 cotton already sold, and given the fact that the United States is the world's top cotton exporter, a supply squeeze is going to hit old-crop cotton contracts, such as spot March, second-position May and third-position July. Analysts said the market would be waiting for further leads in the coming days, but attention in the market should gradually turn toward spring plantings.

The market will be waiting for the closely watched cotton potential plantings survey by the National Cotton Council. The results of the survey will be handed out on February 4 at the industry group's annual meeting in San Diego. A Reuters survey at the Beltwide Cotton conference this month had forecast US 2011 cotton plantings at around 12.48 million to 12.53 million acres, which would be a 5-year high and an increase of around 15 percent from last year's 11.04 million acres.
转载本网专稿请注明出处“中国纺织网”
编辑:纺织网
贸易行情论坛】 【打印】 【关闭】 【我要收藏
文章关键词: ICE  Cotton Futures  Cotton Futures Price 
「相关报道」
更多精彩纺织英文
进入纺织英文>>


免责声明:浙江网盛生意宝股份有限公司对中国纺织网上刊登之所有信息不声明或保证其内容之正确性或可靠性;您于此接受并承认信赖任何信息所生之风险应自行承担。浙江网
盛生意宝股份有限公司,有权但无此义务,改善或更正所刊登信息任何部分之错误或疏失。

站内支持:关于我们 - 服务项目 - 法律声明 - 意见反馈 - 企业邮箱 - 联系我们 - 友情链接 - 纺织数据库 - 快速产品通道 - 外贸助手
兄弟站点:生意宝 - 国贸通 - 中国化工网 - 全球化工网 - 医药网 - 中国服装网 - 机械专家网 - 中国农业网 - 中国蔬菜网 - 浙江都市网 - 中国红娘网 - 南阳商务网
糖酒招商网 - 中国卫浴网 - 中国粮油网 - Global Buyers & Suppliers - ChinaChemNet

中国纺织网 版权所有 1997-2014 浙ICP证:浙B2-20080131
服务热线:0571-88228405