According to the New York October 20 news, ICE cotton futures Thursday put in 14 months low, because investors settle parts, and analysts say the market to Europe debt crisis lingering anxiety, and cotton prices fall to sluggish demand in key support.

ICE index December cotton period of some fell 2.86 cent, or about 3%, for $0.9686 a pound, plate delivers in 0.9678-1.0004 dollars interval

This is the market for the first time since nearly all around $1.04 in 0.98-breakthrough delivers interval.

Today the clearing price is in recent months, cotton contract since September 2010 to a minimum.

Preliminary data showed that, to more than 19600 on Thursday, the volume of hand, a 30, more than 40% higher than the average.

Commodity enterprise Keith Brown and Co CEO Keith Brown says, "a sharp drop in the market, I think part of Europe and the relevant."

Global stock markets and the euro fell, because investors of concern to the European Union summit will develop a comprehensive plan to suppress the debt crisis suspicious again.

Traders said period rose to $1.04 at cotton's rise above maintain hard, because once appear, a new round of economic recession, the debt crisis will likely further reduce cotton demand.

ICE data show that by the end of October 19,, the cotton market not unwind contract for 152825 hand, on October 18 for 151550 hands.

On Wednesday, the volume of cotton for 15343 of hand, day of 19992 on hand.

Source "the Chinese textile nets"

Edit: Emma