Delivery Stocks Tighten &Nbsp; Cotton Continues To Rise.
Wednesday (5.18) ICE Intercontinental Exchange in New York
Cotton futures
Today, as of 14:30, July, the contract opened at 155.95 cents. The intraday shock interval was 160.80 cents -155.30 cents, ending at 159.86 cents, rising 4.82 cents, 13445 hands in turnover, 69953 hands in empty volume, 1.68 cents in October, 1.68 cents in December, and 122.98 cents in December.
The main reason for the strong market today is that market participants worry that the reduction of registered inventory may lead to insufficient delivery stocks due to the expiration of the July contract.
Allenberg, the main cotton trader, continues to cancel the May contract delivery registration, which is much higher than the 200 thousand export package and is still being cancelled.
The market believes that this is likely to lead to tight stock deliveries in July.
The preliminary data show that the volume of trading has been enlarged to about 20000 hands today, but it is still below the normal volume of 30 days.
contract
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The Wait-And-See Agricultural Products Are Mainly &Nbsp, And Cotton Is Still Going Down.
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