March 11: Spot transactions increased, ICE futures rose slightly

On March 11, although the U.S. stock market continued to plummet, textile mill purchases were very active after the sharp drop in cotton prices. ICE futures closed slightly higher with the support of spot transactions. Pay attention to U.S. cotton tonight ExportWeekly Report.

Statistics: The May contract was 61.55 cents, up 14 points, the December contract was 62.43 cents, up 15 points, and the trading volume was 26,919 lots, a decrease of 9,014 lots from the previous trading day. As of the closing of March 10, the open interest was 210,796 lots, an increase of 164 lots.

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