Zhengzhou cotton futures decline

Most contracts on the Zhengzhou cotton futures continued the weak trend by losing over one hundred yuan per tonne in teh actively traded contracts. The May 2017 contract premium on January has shrunk to five yuan, 15 less than yesterday.

Turnover rose by 168,198 contracts (counting both the sale and the purchase) at 455,978. Open interest increased by 7,488, to 499,340. At the close of business, the top 20 brokers were holding 157,772 long positions (8,228) and 159,715 short positions (2,528).

The certified stock reduced by three to 833 lots.

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