Global Stock Market Slump Leads To Profit Making
Intercontinental Exchange (ICE) index
Stage cotton
Monday fell to its lowest level in a week and a half, recording the largest one-day drop in more than a year, triggered by a sell-off in the global stock market and commodity markets as a result of the collapse of China's stock market.
Traders said this prompted investors who needed capital to pay back the margin to make profits on profitable investments, including selling cotton futures.
According to the latest data, the price of cotton futures has risen sharply in the past two weeks, because the US Department of agriculture's production forecast is very profitable, making it profitable for speculators who cut off a large number of net long positions on Tuesday.
China
equity market
Large scale shocks are also bad for the cotton market because China is the largest cotton consumer in the world.
Traders said that although today's trading is mainly driven by peripheral market trends, expectations for weakening demand in China also weigh on the market.
ICE12 cotton fell 2.86 cents, or 4.3%, at 64.05 cents a pound, hitting 63.93 cents in August 12th.
Today's decline is the largest since May 2014.
futures
market
Total turnover increased by 28753 to 44458 hands.
Data showed that the number of open positions increased by 129 to 196660 hands on Friday.
The US dollar index fell 1.41%, and the core commodity CRB index fell 2.68%.
In the past week, speculators increased their net cotton positions from 19341 to 41986.
- Related reading
The Football Association And The General Administration Of Sport Will Separate The Stock Market Or Rise By 6%.
|
The Dispute Between Xinhua Department Store And Equity Department Is Due To The Craziness Of Private Leader, Cui Jun.
|
- Fashion character | The Photos Of Young Widows When They Were Young Were Super Beautiful. They Were More Beautiful Than The Plum.
- Fashion character | New York Fashion Week Is Full Of Bright Spots. Chen Yuqi Wears A Dress And Short Boots Are Beautiful. Ying Er Is Also Good.
- Street shooting popular | New York Fashion Week Street Filming Collection: 2020 Spring And Summer Street Style All Have.
- Show show | Leading Consumption Upgrade To Show Brand New Appearance -- Bronze Cattle And Brand New TOPNEW Debut In 2019 Beijing Fashion Week
- Local hotspot | "Magnificent 70 Year Struggle New Era" -- 2019 Jiangsu Textile And Clothing Annual Ceremony Held In Nanjing
- Expo News | Jimo Children's Clothing Is The Focus Of Attention. The Nineteenth China (Qingdao) International Fashion Week Jimo Distinguished The Grand Opening.
- Fashion character | Sweet And Salt Suits.
- Star wardrobe | Because It Is Too Beautiful To Be Banned From Cosmetic Surgery, Now Ten Years Old, The Value Is Suspended.
- Star wardrobe | Zhang Xinyu Shot The Blockbuster Blockbuster Into Yao Di? The Gas Field Is Full, Sexy And Provocative!
- Street shooting popular | New York Fashion Week Star Street Photo: Patty Hou Is Getting Younger And Younger, JJ Lin's Leisure Trend Fan Shizu
- International Oil Prices Are Falling, Textile And Garment Industries Are Welcome.
- Seize These Trends. The Charm Of Autumn Winds Remains.
- Does Xinjiang Cotton Need To Enter The Public Inspection After The New Cotton Processing?
- Still Wearing Men'S Shirt? This Year'S Most Fashionable Shirts Are Like This.
- Look At The Most Fashionable Group In The World And Wear 2015 Popular Autumn Clothes.
- Zhao Liying Eventually Became "Goddess" Character Clothing, Good To Let People Turn Black Powder!
- 2015 Military Parade: Reference To The Costume And 07 Style Clothing During The War Of Resistance Against Japan.
- A Variety Of Formats Will Become A New Trend Of Clothing Stores In The Future.
- Early Autumn Farewell "Autumn Tiger" On The Warm And Cool Season Changing Season Is The Most Favorite.
- US Cotton Continues To Raise Domestic Cotton Prices Temporarily Without Support Or Continued Weak Oscillation.