ICE Weakened In August 1St Due To A Stronger US Dollar.

Wednesday (8.01) ICE Intercontinental Exchange in New York

Closing down, October contract opened at 70.61 cents, the highest 71.07 cents, the lowest 70.15 cents, and finally closed at 70.06 cents, down 0.52 cents from the previous trading day. The main contract in December was opened at 71.34 cents, the highest 72 cents in the market, the lowest 70.53 cents, and finally closed at 70.56 cents, down by 0.78 cents compared with the previous trading day.

On the first day of the new cotton opening year, the ICE cotton closed down because of the strong US dollar and the huge supply of cotton in the world, which led to a general lack of popularity in the market.

Flanagan trade John Flanagan said: "I do not think cotton crops are really affected by drought.

Due to some rainfall in the delta area, local crops will be helped.

The cotton market is backing away from rising grain prices.

The US stock market fell on Wednesday.

The Fed has lowered its assessment of the economy and has not changed its policy. At the same time, it said there might still be more stimulus in the future.

The Federal Reserve Market Committee (FOMC) of the Federal Reserve announced that the ultra-low interest rate of 0-0.25% will remain unchanged until the end of 2014 after the end of the two day meeting.

There is no hint from the Fed that further quantitative easing (QE3) will be introduced, and there will be no further adjustment to the distortion operation (OT) extended to the end of June.

The fed only downgraded its assessment of the economic situation in the past period.

In a meeting statement, FOMC pointed out that the US economy activity declined slightly in the first half of this year, and the wording of the last statement is that the economy has maintained a slight growth recently.

August 1st cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 65.79 cents / pound, the highest annual price 65.79 cents in August 1, 2012; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 70.56 cents / pound.

In July 1st, 1119 cotton bags were sold in the US spot market, and 1119 bags were sold this year.

104 bags were sold during the same period last year.

In July 31st, there were 44363 packages of NY certified stock and 0 packages to be certified.

In August 1st, the United States spot market Pima cotton, 2 (fiber 46) 116 cents / pound, 3 (fiber 44) 98 cents, 3 (fiber) 103 cents, 0 bags, the annual turnover 0 bags.

The US Department of Agriculture announced the global adjustment price (AWP) of 63.02 cents on -8 02 July 27th.

August 1st Cotlook

The outlook index rebounded, and the A index rose 30 points to 81.65 cents / pound.

In August 1st, China's cotton price index CC Index 328 nationwide weighted average price closed at 18329 yuan / ton, up 6 yuan.

CC Index 527 closed at 16011 yuan / ton, up 4 yuan, and CC Index 229 closed at 19416 yuan / ton, up 4 yuan.

In August 1st, China imported FC Index M (87.53 cent), up 0.02 cents.

The price will be 14932 to 3397 yuan per ton.

In August 1st,

The 1301 contract opened up to 18960 yuan / ton, closing at 19020 yuan / ton, up 85 yuan / ton from the previous day, with a rise of 0.45%; the volume fell to 173 thousand hands, and the holding reduced 6226 hand to 308 thousand hand.

In August 1st, Zhengzhou PTA1301 contract opened at 7550 yuan / ton, closing at 7602 yuan / ton, up 42 yuan / ton compared with the previous trading day, or 0.31%.

Turnover dropped to about 2 million 143 thousand and 100 hands, and positions increased by 10214 to 599 thousand and 200.