The Cotton Market Is Still Calm, And The International Spot Market Is Not Improving.
In December 23rd, the cotton market remained calm, and the international spot market did not improve.
The market situation on that day was mixed with joy. The consumer confidence index of Reuters in December was slightly higher than that in November, mainly due to the sharp fall in energy prices and the gradual stabilization of the market, which is very important to the cotton market. The worry is that the number of new and sold housing in the US has decreased by 7.6% compared with the same period last year, and the selling price has continued to fall.
According to the statistics of the national real estate association, the price of second-hand housing in the middle of December dropped by 13%, the biggest decline since the great depression in 30s. Some economists believe that these data will gradually improve after the ultra-low interest rate of the US dollar begins to function.
In December 23rd, ICE futures trading volume was 3398 hands, the option volume was about 1800 hands. During the Christmas season, the market turnover will remain light, and the price will not fluctuate greatly.
Editor: vivi
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