ICE Cotton Futures Closed At 19

　　 ICE cotton futures On the 19 day, it hit the limit board and recalled the same market increase in the previous day, for fear of China's control. inflation The action will frighten investors out of the market.

Comprehensive media reported on November 19th, ICE cotton futures closed at the end of the limit, China's action to control inflation is scare investors out of the market.

Cotton futures closed on the 19 day, and the broker said that China's reserve requirement ratio rose further before the end of the week.

ICE cotton futures closed down 6 cents in December, or 4.5%, at 1.2790 dollars / pound. ICE cotton contract in March also lowered 6 cents, or 4.65%, to close at $1.2315 / pound.

　　 market Trading is slack and prices are more volatile.

From the 18 day of trading to the 19 day limit, many market participants were surprised.

MCM analyst Jobe Moss said, "I commented on (0) (0) comments on other comments in this article." please input the verification code in the relevant information and information forum. It is very surprising that the market is down so much, because the news from China seems to have made the market lower earlier this week.

The people's Bank of China announced on the 19 day that it has raised the deposit reserve ratio of deposit financial institutions by 0.5 percentage points since November 29th, the fifth increase this year and the second increase in a month.

Cotton is still the best performance of the Reuters -Jefferies commodity index.CRB, which has risen more than 70% since the beginning of the year.

　　 Kona Haque, an analyst at Macquarie Bank, points out that any price drop can be a big drop, given that prices are much higher than production costs and speculative exposure. "At the current price level, demand will begin to be suppressed, as cotton mills turn to buy artificial cotton yarn."