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Daily Quotation Of Cotton Futures In May 8Th - Zhengzhou Commodity Exchange (5.07) Morning News

2010/5/8 16:09:00 24

Cotton

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Panic In The US Stock Market In May 8Th Triggered Panic &Nbsp; ICE Cotton Fell Sharply On 5 Days Ago.

In May 6th, investors worried about the further spread of the European debt crisis, so they continued to buy dollars to avoid risks, and at the same time, the US stock market plunged nearly a thousand points. Due to the adverse effects of external environment, ICE cotton futures were sold by speculators, leading to a sharp fall in cotton prices. At present, the European debt crisis may be bad for the market, but commercial buying at a low level is expected to provide support for cotton prices. S