August 3Rd ICE Cotton Review: Cotton Futures Exceeded The Highest Level In 6 Weeks.

Friday (8.03) ICE Intercontinental Exchange in New York

Futures closing high 4%, October contract to 70.41 cents low, the maximum of 73.44 cents, the lowest 70.27 cents, the final end to 73.22 cents, up to 2.78 cents compared with the previous day, the main December contract was 70.97 cents open, the maximum 73.97 cents, the lowest 70.74 cents, finally 73.94 cents, up 2.97 cents from the previous trading day, turnover 9205, 134495 hands, March contracts received cents, compared with the last trading day rose cents.

Statistics show that about 23800 hands traded on Friday, a decrease of about 1/3 compared with the 30 daily average.

As the dollar weakened sharply, the stock market rose strongly, and cotton futures jumped 3 cents, more than the highest level in 6 weeks. The weaker dollar made the dollar priced goods cheaper and attracted more foreign buyers.

Independent analyst Mike Stevens said today's cotton rise is not due to new cotton news.

The upper part of the cotton market is very fragile.

Market investors are concerned about the dry weather in India, the world's second largest cotton producer, and the rainy weather in China, the world's largest cotton producer.

In addition, investors are eyeing the Ministry of agriculture's supply / demand report next Friday, looking forward to finding a clearer direction of the US cotton market.

Knight futures Sharon Johnson said that in the past month, the December contract continued to fluctuate. She thought there was no reason to change in the December contract area until next Friday.

The US stock market sharply increased on Friday, and US stocks rose this week.

The US Labor Department announced that the US non farm employment loop increased by 163 thousand in July, which was better than expected. The unemployment rate climbed to 8.3%, worse than expected.

In July, the number of non-agricultural employment increased by 163 thousand.

The non farm employment data gave traders a good mood and swept away the depression of the past four days.

ISM manufacturing data is better than expected, boosting sentiment.

Cotton noodles (12 year December contract): remain unchanged.

The short term trend is neutral.

The middle term is a neutral / downward trend.

The key support is still 70.50-69.50 cents.

At the next level, the upper end is 72.80-73.50 cents, the key is 75 cents.

Will continue to maintain interval pactions.

August 3rd cotton spot market SLM 1-1/16 "cotton (chroma 41, leaf chip 4, fiber 34) average price 68.91 cents / pound, the highest annual price 68.91 cents in August 3, 2012; the lowest price in August 1, 2012 65.79 cents; 1 3/32" cotton (color 31, leaf cuttings 3, fiber 35) average price 73.68 cents / pound.

In August 3rd, 734 cotton bags were sold in the US spot market, and 3122 bags were sold this year.

502 bags were sold during the same period last year.

In August 2nd, NY certified 32733 packages of stock, and 0 bags to be certified.

In August 3rd, 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 170 bags.

The US Department of Agriculture announced the 03 global adjustment price (AWP) of 61.38 cents on -8 09 August.

Cotlook cotton outlook August 3rd

The A index rose 30 points to 81.25 cents / pound.

In August 3rd, China's cotton price index CC Index 328 nationwide weighted average price closed at 18337 yuan / ton, up 5 yuan.

CC Index 527 closed at 16016 yuan / ton, up 3 yuan, and CC Index 229 closed at 19419 yuan / ton, up 3 yuan.

In August 3rd, China imported FC Index M (87.39 cent), up 0.21 cents.

In August 3rd, Zheng cotton 1301 contract opened at 18285 yuan / ton, closing at 18900 yuan / ton, compared with the previous trading day, it fell 65 yuan / ton, or 0.34%, turnover dropped to 95 thousand and 700 hands, and positions decreased 5886 to 305 thousand hands.

In August 3rd, the Zhengzhou PTA1301 contract opened at 7468 yuan / ton, closing at 7476 yuan / ton, down 66 yuan / ton compared with the previous trading day, or 0.38%.

Trading volume dropped to about 1 million 111 thousand and 100 hands, and holdings dropped by 16140 to 571 thousand and 100.

In August 3rd, the Dow Jones industrial average rose 217.29 points, closing at 13096.17 points, or 1.69%. The NASDAQ (micro-blog) composite index rose 58.13 points to 2967.90 points, or 2%, while the standard & Poor's 500 index rose 25.99 points to 1390.99 points, or 1.90%.

In August 3rd, Nymex crude oil (91.39,4.26,4.89%)

It rose 4.9% to $91.40 a barrel.

Gold (1607.00,16.30,1.02%) futures rose 1.2% to 1609.30 dollars an ounce.