Crude Oil Continues To Weaken, ICE Cotton Is The Worst Performance On That Day.

　 Last night, the international market was hit by the conflicting exchanges between North Korea and South Korea, triggering a sharp rebound in the US dollar, and the stock market went down. The risk aversion funds pushed gold up, while other commodities went up and down. Crude oil continued to weaken. ICE cotton was the worst performance on that day, and it also fell third consecutive trading days.

On the international market, the Fed released the minutes of the meeting on monetary policy making from November 2nd to 3. The minutes showed that the Fed directors had different opinions on whether to expand the monetary stimulus measures that had already set a record in history, and lowered the expected growth rate in 2011. The unemployment rate is still high in the next two years. The US Federal Deposit Insurance Company (FDIC) released quarterly reports on Tuesday that the total net profit of US banks in the third quarter was 14 billion 500 million. dollar The lowest level since the fourth quarter of last year, while the number of "problem banks" increased to 860, an increase over the previous quarter. 3.7% The highest level in 17 years. On the stock market, although the US GDP data is better than expected, the euro zone debt crisis and the scale of the two Koreas are small. conflict Other news still led to a fall in the stock market.

In the international cotton market, last December, the contract entered into the delivery notice without limit, the contract fell by 11 cents, the main force closed 6 cents in March, and the cotton price fell 26% from the high point, driven by the continuous decline of cotton prices in China. Quotation There is still a possibility of falling. In recent years, despite the sharp fall in the price, the US cotton's decline in China's spot quotation is smaller, and the base drop is much lower than that of the cotton futures. Meanwhile, China's demand for foreign cotton is still very active. The US cotton exports will maintain rapid growth. Data reality, as of November 11th, China signed a total of US cotton this year. Ninety-two point eight 000 tons, cumulative shipment Nineteen point five Million tons, about It accounts for 21% of the contracted volume, compared with 59% in the same period last year, while China has made up for the gap in supply and accelerated the pace of imports.

　　 On the Chinese side, the NDRC issued three stable price notices for two consecutive days, determined to control prices and become the top priority before the end of the year. At the same time, even at the upcoming Central Economic Work Conference, anti inflation is the top priority for next year's "growth, inflation resistance and structural adjustment". Cotton has been weakened for the third consecutive trading day yesterday. Close to the 5% limit, the market position has been substantially reduced, the number of shares has changed hands, the power of the bears is relatively stable, and some enterprises in the stock market in Shandong continue to lower the quoted price by 500 yuan. There is still room for further reduction, and the acquisition of seed cotton is down. Five point five Yuan, the cost is about 23700 yuan, and buyout companies are generally cautious, spot prices continue to decline, textile enterprises wait-and-see enhancement, spot market in the cotton drive Continued downward oscillation is inevitable, and we need to be vigilant that the price of yarn has not started to follow. On the operational stage, the "potential" is still weakening, and the insurance package continues to hold.