Monthly Cotton Economic Letter
2011-01-01 00:00:00
China Textile 2011年2期
Despite some sideways movement during the holiday period， volatilitycontinues to be a dominant feature of cotton markets. After marking a recordclose price of 159.1 cents/Ib on December 21， March contract prices fellto levels near 140 cents/Ib before rebounding to levels near 150 cents/lb.Throughout the past several weeks， intraday ranges for the March contractoften approached the limit. Movement in more distant futures contracts has alsobeen notable. The December 2011 contractclimbed to life-of-contract highs as itsurpassed 105 cents/lb.
